The International Monetary Fund has indicated that the global economy will grow by 3.5 per cent this year and edge higher to 3.6 per cent by 2018.
Maurice Obstfeld, Economic Counselor and Director of Research Department, IMF, says the momentum in the global economy has been building since the middle of last year.
Obstfeld believes the growth will be broad based across advanced, emerging, and low income economies—building on gains seen in manufacturing and trade.
He added that the improvement comes primarily from good economic news for Europe and Asia, notably for China and Japan.
