Name: IMF upgrades China's economic outlook to 6.7%
Uploaded: 2017-08-30T08:14:42.000Z
Duration: 1 min 20 s
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An updated International Monetary Fund report says

the global gross domestic product would be 3.5 percent in 2017, and 3.6 percent in 2018

unchanged from its last projections in April.

Meanwhile, the World Economic Outlook says risks remain,

screwed to the downside of the medium term,

even though the global growth forecasts appear broadly balanced in the near term.

And the IMF shaved the forecast for U.S growth to 2.1 percent for both 2017 and 2018,

slightly down from previous projections of 2.3 percent and 2.5 percent,

and that's because details of President Trump's fiscal policies have not materialized.

And in comparison, the fund said the growth in the Eurozone

was now expected to be slightly stronger in 2018,

upgraded GDP projection for the single currency region for 2017 to 1.9 percent

And IMF further upgraded China's economic growth outlook in 2017 to 6.7 percent,

leaving the country on track to meet it's growth target around 3.5 percent,

and we have detailed analysis of the updated report on our global business program.