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IMF Warns Against Complacency Even as Global Growth Gains Steam

  • Most major economies set to grow faster than once expected
  • Fund warns medium-term risks are still tilted to downside
Bloomberg business news

IMF's Obstfeld Says Central Bankers Need to Act Now

The International Monetary Fund warned policy makers not to get too comfortable even as it raised its global growth forecast amid brightening prospects in the world’s biggest economies.

The Washington-based lender lifted its growth outlook for the U.S., the euro area, Japan and China from its last forecast in July. The recovery spans roughly 75 percent of world output, according to the IMF.