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IMF raises outlook for global and US economies

“Much work remains to be done,” IMF chief economist Olivier Blanchard said Tuesday.
“Much work remains to be done,” IMF chief economist Olivier Blanchard said Tuesday. Mike Theiler/Reuters/File 2013

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WASHINGTON — The International Monetary Fund is slightly more optimistic about the global and US economies this year than it was three months ago.

In an updated outlook released Tuesday, the global lending organization forecasts that the world economy will grow 3.7 percent in 2014 and that the US economy will grow 2.8 percent. The global forecast is 0.1 percentage point higher and the US forecast 0.2 point higher than the IMF’s October forecast.

After a sluggish start, global economic growth picked up in the second half of 2013. As a result, growth amounted to 3 percent last year. The IMF expects it will be even stronger growth this year.

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