IMF Sees Fastest Global Growth Since Financial Crisis Bounceback

Business investment spurred by U.S. fiscal policy is expected to drive 3.9 percent expansion this year and next

Global growth will accelerate to the fastest pace in seven years as U.S. tax cuts spur businesses to invest, the International Monetary Fund said. The fund raised its forecast for world expansion to 3.9 percent this year and next, up 0.2 percentage point both years from its projection in October. That would be the fastest rate since 2011, when the world was bouncing back from the financial crisis.

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