IMF revises up 2010 world GDP forecast

The International Monetary Fund has revised up its forecast for economic growth this year and next in major industrialized economies and worldwide, according to a document obtained by Reuters on Friday.

The IMF now forecasts the world economy will shrink by 1.3 percent in 2009, a shade less than its earlier forecast of 1.4 percent contraction, before growing by 2.9 percent in 2010, revised up from the 2.5 percent it expected in April.

The figures -- which had been due to be published next week -- support comments made by IMF Managing Director Dominique Strauss-Kahn in Berlin earlier on Friday, when he said that economic recovery would be sluggish and warned against unwinding recent economic stimulus packages too quickly.

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- Posted: 2009-09-04 10:11:06

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