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Economics

IMF says global recovery on 'firmer footing'

The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset the downward revision for the United States, the International Monetary Fund said Sunday.

24.07.2017

(AFP) The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset downward revisions for the United States and Britain, the International Monetary Fund said Sunday.

However, wage growth remains sluggish which risks increasing tensions that have pushed some countries toward more anti-global policies, while efforts to erode financial regulations put in place since the 2008 crisis could erode stability, the IMF warned.

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