The global economy will expand faster next year while still facing challenges, such as low productivity, high income inequality and low inflation, a senior official with the International Monetary Fund (IMF) said.
Last week, this blog reported the continuing good news that global economic activity has embarked on the strongest and most synchronized period of expansion since 2010. Global growth is running well above the long term trend, especially in the advanced economies.
In a message issued on the occasion of National Day of Combating Terrorism, Iran’s Parliament Speaker Ali Larijani called on the international community to show serious resolve in fighting this global scourge.
The International Monetary Fund (IMF) has warned that advanced economies are increasingly responsible for imbalances in the global economy, with Germany having overtaken China as the world’s leading saver.