In its latest report on global economic prospects, the International Monetary Fund (IMF) forecasts 4.5% economic growth this year, which is half a percentage point higher than in the spring forecast. GDP growth will reach 3.4 percent next year, which is 0.2 percentage points more than the previous forecast.
The IMF published the report before the start of a regular meeting of the IMF and the World Bank, held this time in Bali. Among other things, the Fund predicts a 5.8% unemployment rate this year, which is expected to fall to 5.4% next year. Both forecasts are 0.1 percentage points lower than in the spring issue.
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