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IMF raises global growth forecasts

19 April 2017
IMF raises global growth forecasts
The IMF has raised its forecast for global growth.

The fund’s latest World Economic Report says growth should reach 3.5 per cent this year, and 3.6 per cent in 2018.

However, it says Gulf economies will be hit by production cuts in the short term.

It’s lowered its forecast for the UAE to 1.5 per cent for 2017 – but expects to see 4.4 per cent next year.