Washington — The IMF warned policy makers not to get too comfortable even as it raised its global growth forecast amid brightening prospects in the big economies. The Washington-based lender lifted its growth outlook for the US, the eurozone, Japan and China from its last forecast in July. The recovery spans about 75% of world output, according to the IMF. The fund projects the global economy will grow 3.6% in 2017 and 3.7% in 2018, in both cases an increase of 0.1 percentage point from its previous estimate. Analysts expect GDP to climb 3.4% in 2017 and 3.5% in 2018. Either way, the recovery is accelerating from a low gear — global growth of 3.2% in 2016 was the slowest since the 2007-09 recession. The IMF warned that medium-term risks were tilted to the downside, highlighting dangers from tightening financial conditions, low inflation in advanced economies, financial turmoil in emerging markets and protectionist policies. "Neither policy makers nor markets should be lulled into co...
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