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IMF raises global growth forecast
Muhammad Iqbal
21 Jan, 2014
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![](https://i.brecorder.com/images/2014/01/download2315.jpg">WASHINGTON: The International Monetary Fund said on Tuesday that the global economic recovery is strengthening as countries move away from austerity budgets and their banking systems are fortified.</P><P class=MsoNormal>But the Fund remained cautious, saying the rebound in advanced economies is uneven and that they still face the threat of deflation.</P><P class=MsoNormal>Meanwhile, emerging economies are wrestling with tighter monetary conditions and slower domestic demand.</P><P class=MsoNormal>The Fund increased its estimate for world growth this year slightly, by a tenth point, to 3.7 percent, after a 3.0 percent pace in 2013. </P><P class=MsoNormal>It was the first time in nearly two years that the Fund revised its growth forecasts upward: rougher conditions than expected have forced repeated downgrades of its predictions.</P><P class=MsoNormal>)