Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

IMF to raise world growth forecast

Wednesday 14 July 1999 23:02 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

THE INTERNATIONAL Monetary Fund is likely to raise its forecast for world growth in 1999, according to its deputy director of research. Fleming Larsen, speaking in a personal capacity, said: "It is apparent that our global growth forecast for 1999, which was estimated at 2.3 per cent as recently as ... the end of April, may be too pessimistic. I expect our next projections to show a somewhat higher growth rate."

Mr Larsen said the economies affected by the Asian crisis had turned around, and the crisis could have improved their long-term prospects by forcing economic reforms. But he added that there were significant risks from global imbalances, and in particular over-dependence on the US.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in