IMF revises global growth up 0.25%

The IMF has revised global growth up 0.25 percentage points in its World Economic Outlook (WEO) update.

The fund says pro-growth policies in America will boost global economic output in 2011.

It raised its projections for the year from 4.25% to 4.5%, which also reflects “stronger than expected activity in the second half of 2010”. (article continues below)

However, the IMF warns of serious risks to the recovery, in particular the need to cope with financial difficulties in the eurozone and the developed world and overheating in emerging markets.