IMF CHIEF LAUDS GLOBAL RE­COV­ERY

USA TODAY Weekend Extra - - MONEY -

The head of the In­ter­na­tional Mon­e­tary Fund said Thurs­day that “the long-awaited global re­cov­ery is tak­ing root” and that three-quar­ters of the globe is en­joy­ing an eco­nomic up­swing in “the broad­est-based ac­cel­er­a­tion since the start of the decade.” IMF Man­ag­ing Di­rec­tor Chris­tine La­garde sug­gested that the 189-coun­try fi­nance agency likely will upgrade its out­look for global growth when it re­leases its latest fore­casts next week. In July, the IMF pre­dicted that global growth would hit 3.6% in 2018 — fastest since 2011 and a wel­come sign the world econ­omy had bro­ken out of a pe­riod of stag­na­tion fol­low­ing the Great Re­ces­sion of 2007 to 2009.

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