The risk of a crash landing for the global economy has receded, the IMF’s chief economist said as the multilateral lender predicted 3 per cent growth this year.
In an interview with the Financial Times, Pierre-Olivier Gourinchas said the economic outlook had improved since the multilateral lender last published its projections in April amid a bout of banking sector stress.
“Things are moving in the right direction,” he said, adding there was now less danger of global growth slipping to 2 per cent or below, since the most acute financial risks had abated.
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