Reasons to be cheerful about global growth

The IMF has struck a cautiously optimistic tone in its most recent World Economic Outlook report.

It notes that global activity has ‘broadly strengthened’ and is expected to register further improvement in 2014-15, with much of the growth dynamic coming from advanced economies.

The IMF is forecasting that the global economy will grow by 3.6% this year and 3.9% in 2015, following growth of 3% in 2013.