institution based in Washington, said the global recovery in two stages with the advanced economies are growing far more modest than the emerging economies was shifting gears as the United States and Japan experienced an increase consumption.
The IMF expects the global economy, production will increase by 4.4 percent in 2011, slightly above the forecast of 4.2 percent per year of the projection of the Fund in October. His latest updates, published in Johannesburg, South Africa, presented an improvement, but mixed global economic situation.
“In developed economies, activity has slowed less than expected, but growth remained sluggish, the unemployment rate is still high, and stressed again in the euro area has contributed to the marginal risk,” the IMF said. “This activity reflects stronger than expected in the second half of 2010, as well as new initiatives in the United States, which improves the functioning of this year,” he added.
The annual growth rate would be even slower than the 5.0 percent seen in 2010. The Bank finances remain fragile, Jose Vinals, director of the IMF monetary and capital markets, said in Johannesburg. “More than two years after the start of the financial crisis to global financial stability has not yet been established. It ‘s still in danger,” he said.”Banks face significant financing needs for today and the next two years.
In many advanced countries, we must address the legacy of the crisis to be resolved once and for all financial fragility,” he added. The IMF said a new U.S. fiscal package beyond the end of 2010 was to stimulate growth in the U.S. economy by 0.5 percent. The U.S. economy the margin was much stronger: an increase of 0.7 percentage points of GDP growth of 3.0 percent in 2011 Olivier Blanchard, IMF chief said the search for a faster yuan appreciation would benefit the world economy.
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