Publishing its twice-yearly World Economic Outlook, the IMF rejected forecasts for either a rapid V-shaped recovery or a double-dip recession, saying the recovery will most likely be “weak by historical standardsâ€.
The IMF is no more optimistic about the medium-term outlook, insisting that growth prospects depend on resolving two difficult challenges: the weaknesses in the global banking system; and the persistent unwillingness of countries with large trade surpluses to boost domestic demand and become motors of world growth.
IMF says world economy is recovering
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