Globally, recovery is going slightly better than expected, according to the IMF, which released its latest World Economic Outlook today. After shrinking by 0.6% last year, the global economy is likely to expand by 4.2% in 2010, 0.3% faster than the IMF projected in January. But economic performances will continue to vary widely around the world. Much of the upward revision to global growth can be attributed to a better outlook for the American economy. The IMF revised its forecast for American economic expansion in 2010 up 0.4%, to 3.1%. There was no change, by contrast, for the euro area, which already faced a poorer growth outlook. The Euro area economy may only grow by 1% in 2010 and 1.5% in 2011. And much of the job of expansion will be handled by Germany and France, while southern European growth continues to lag. Spain’s economy will continue to shrink in 2010.
But the outlook is brightening for many emerging economies, including those in central and eastern E
A. The recovery of global economy is slower than expected.
B. Global economy is recovering somewhat better than expected.
C. Economy in Euro area will not grow any more in the future.
D. American economy faces a poorer growth outlook.
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