Global outlook good but risks remain

The IMF yesterday predicted the global recovery would strengthen this year as output in richer nations picked up, but it warned of rising risks in emerging economies.

In its latest global economic snapshot, the IMF said better policies were needed to raise the world’s productive capacity and avoid a prolonged period of sluggish growth.

Global output should expand 3.6% this year, slightly lower than forecast in January, and grow 3.9% next year, the IMF said in its twice-yearly world economic outlook.