Economists of the International Monetary Fund (IMF) attend a news conference on the updated World Economic Outlook (WEO), a twice-yearly flagship report, in Washington D.C., capital of the United States, Jan. 23, 2013. The IMF said Wednesday that the world economy stands poised for a gradual upturn in 2013 with output rising by 3.5 percent. (Xinhua/Wang Yiou)
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World economy to strengthen modestly in 2013, says IMF
WASHINGTON, Jan. 23 (Xinhua) -- The global economy is poised for a gradual upturn in 2013 as the constraints on growth gradually ease, but policy complacency should be guarded against as risks remain, the International Monetary Fund (IMF) said in its updated World Economic Outlook (WEO) on Wednesday.
The report observed that economic conditions improved modestly in the third quarter of 2012, driven by acceleration in emerging economies and the United States. Global financial conditions improved further in the fourth quarter of 2012 with sovereign spreads in weak euro area countries declined considerably. Full story
Olivier Blanchard, chief economist of the International Monetary Fund (IMF), speaks at a news conference on the updated World Economic Outlook (WEO), a twice-yearly flagship report, in Washington D.C., capital of the United States, Jan. 23, 2013. The IMF said Wednesday that the world economy stands poised for a gradual upturn in 2013 with output rising by 3.5 percent. (Xinhua/Wang Yiou)
Olivier Blanchard, chief economist of the International Monetary Fund (IMF), speaks at a news conference on the updated World Economic Outlook (WEO), a twice-yearly flagship report, in Washington D.C., capital of the United States, Jan. 23, 2013. The IMF said Wednesday that the world economy stands poised for a gradual upturn in 2013 with output rising by 3.5 percent. (Xinhua/Wang Yiou)
Olivier Blanchard, chief economist of the International Monetary Fund (IMF), speaks at a news conference on the updated World Economic Outlook (WEO), a twice-yearly flagship report, in Washington D.C., capital of the United States, Jan. 23, 2013. The IMF said Wednesday that the world economy stands poised for a gradual upturn in 2013 with output rising by 3.5 percent. (Xinhua/Wang Yiou)
