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Manufacturing & The Economy

IMF Predicting Global Economic Upswing

World growth strengthened in 2017 to 3.8%, with a notable rebound in global trade. It was driven by an investment recovery in advanced economies, continued strong growth in emerging Asia, a notable upswing in emerging Europe, and signs of recovery in several commodity exporters. Global growth is expected to tick up to 3.9% this year and next, the International Monetary Fund (IMF) forecasts, supported by strong momentum, favorable market sentiment, accommodative financial conditions and the domestic and international repercussions of expansionary fiscal policy in the U.S. The partial recovery in commodity prices should allow conditions in commodity exporters to gradually improve.  

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