IMF raises global economic growth forecast

The International Monetary Fund (IMF) has raised its forecast for global economic growth this year, from 4% to 4.5%.


It said the world economy grew strongly in the first part of this year, mainly due to robust growth in Asia.

Developed economies maintained a modest but steady recovery in the same period.

But it warned risks had increased and there had been a setback in progress towards financial stability.

Debt concerns