Economics
IMF Raises 2011 GDP Estimates on Stronger U.S. Growth
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The International Monetary Fund raised its forecast for global economic growth this year, reflecting stronger U.S. output based on tax-cut extensions, while emerging nations lead the recovery.
The world economy will grow 4.4 percent, more than the 4.2 percent expected in October. Expansion next year is projected to reach 4.5 percent, unchanged from October, the IMF said today in an update to its World Economic Outlook report.