The global economy was more likely to enjoy a reasonable recovery over the next two years, benefiting from recent falls in energy prices and exchange rate movements, the International Monetary Fund said yesterday.
The twice-yearly forecast shows India is expected to outperform China in growth for the first time in 16 years.
The fund has recently told countries they “could do better” to improve medium-term prospects, but the World Economic Outlook is the first since 2011 to suggest economies are putting the 2009 financial crisis behind them.
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