IMF:Good News!

Reuters just reported that the International Monetary Fund has sharply raised its growth forecasts for the world economy in 2010, saying the recovery from the global financial crisis had been stronger than expected.

In its latest update of the World Economic Outlook, the IMF said the world economy will expand by 3.9 per cent in 2010, much higher than its October projection of 3.1 per cent.

It said next year economic activity would rise further to 4.3 per cent.

This is good news.