"Two-speed recovery" predicted for world economy

World economies are set to recover in the coming year, but the recovery is being described as "two-speed".

In its World Economic Outlook, the International Monetary Fund (IMF) says advanced economies are emerging slowly from the recent global financial crisis while emerging markets and even some developing countries have recovered strongly.

The IMF’s chief economist is Olivier Blanchard.

“The world economy is recovering, but it is a two-speed recovery. If you look at emerging market countries, they have been going very fast. We expect them to go about as fast next year, not quite. If you look at advanced countries, then the growth is much slower, much lower. Our forecast is that next year growth will be roughly the same as this year.”

duration: 20″

Filed under Today's News.
UN Radio Daily News Programme
UN Radio Daily News Programme
Updated at 1800 GMT, Monday to Friday
Loading the player ...

CONNECT

       

 

December 2017
M T W T F S S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031