The IMF actually revised down their forecasts of global growth for this year and next, albeit marginally, on a weaker than expected performance from developing economies. The UK is expected to be the strongest of the majors, expanding by 2.9% this year. For Ireland, the Fund is below consensus, at 1.7% this year and 2.5% next. The Japan forecast is interesting, with growth of 1.4% slowing to 1% in 2015, implying a resounding negative verdict on Abenomics.
One reply on “IMF 2014 Spring Meetings”
The IMF actually revised down their forecasts of global growth for this year and next, albeit marginally, on a weaker than expected performance from developing economies. The UK is expected to be the strongest of the majors, expanding by 2.9% this year. For Ireland, the Fund is below consensus, at 1.7% this year and 2.5% next. The Japan forecast is interesting, with growth of 1.4% slowing to 1% in 2015, implying a resounding negative verdict on Abenomics.