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A fragile and uncertain recovery

· The IMF sees estimates of world growth increasing ·

The International Monetary Fund (IMF) sees estimates of world growth in 2012 and 2013 increasing. The GDP will grow this year by 3.5 % and next year  by 4.1%, respectively 0.2 and 0.1 percentage points more than its January forecasts. This is the main factor that emerges from World Economic Outlook, the document published yesterday on the occasion of the Fund's spring meeting. The current situation, it says, shows a glimmer of improvement in comparison with what was envisaged six months ago.

However, Christine Lagarde, Director General of the Fund says “The recovery is still very fragile. We must not delude ourselves into a false sense of security”; if we want to achieve the targets in terms of growth and stability, we will need a sounder and more stable financial sector that can put society's interests before its own financial gains.

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Jan. 25, 2020

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