IMF raises growth outlook

The IMF warned policymakers 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 US, the eurozone, Japan, and China from its last forecast in July. The recovery spans roughly 75% of world output, according to the IMF.

The fund projects the global economy will grow 3.6% this year and 3.7% next, in both cases an increase of 0.1 percentage point from its previous estimate. The recovery is accelerating from a low gear — global growth of 3.2% last year was the slowest since the Great Recession of 2007 to 2009.