Bulletin

IMF strikes upbeat tone on global recovery

The International Monetary Fund has said the global economy is more likely to enjoy a reasonable recovery over the next two years as it benefits from recent falls in energy prices and exchange rate movements. According to its twice-yearly forecast, India will outperform China in growth for the first time in 16 years. The IMF expects China's slowdown to continue with growth of 6.8% this year and 6.3% in 2016. Overall, the fund forecasts 3.5% global growth in 2015, up from the 3.4% recorded last year and improving further to 3.8% in 2016. Among advanced economies, the US is expected to lead the pack, growing 3.1% in both years. Among large European economies, the UK and Spain have the best prospects. The Eurozone economy is expected to grow 1.5% this year, having expanded 0.9% last. Speaking to the FT, IMF chief economist Olivier Blanchard said: 'I sense the macro risks are smaller than in October – there is no reason for doom and gloom.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin

Where Next?