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The IMF provides in a global economy to accelerate to 3.5 pct. in ’17

WASHINGTON – A resilient China, rising commodity prices and the robust financial markets are offering a sunny outlook for the global economy and helping eliminate the uncertainty that has lingered since the Great Recession ended.

That is, the image outlined by the International Monetary Fund predicts that the world economy will grow by 3.5 percent this year, an increase of 3.1 percent in 2016. The IMF’s latest forecasts for 2017 is a minor upgrade from the 3.4 percent global growth forecast in January.

The IMF expects the U.S. economy to grow 2.3 percent, against 1.6 percent in 2016; the 19 countries of the euro zone to expand by 1.7 percent, the same as last year; Japan to grow 1.2 percent, versus 1 percent; and in China to expand to 6.6 percent, a decline of 6.7 percent in 2016.

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