Middle East Economic Survey


No 28



IMF Revises Up 2010 Global Outlook

The International Monetary Fund (IMF) has revised upwards its global economic growth projections for 2010 and 2011 in the July update of its World Economic Outlook. The global economy is expected to expand by 4.6% in 2010, up from projections in April which saw growth at 4.2% (MEES, 26 April). The new figure would be the biggest gain in world economic growth since 2007. The IMFs forecast for 2011,...