International Monetary Fund to raise world economic expectations

The International Monetary Fund 26th released its latest World Economic outlook report, which said the global economic recovery exceeded expectations, the world economy 2010 and 2011 growth will reach 3.9% and 4.3% respectively, China's growth of 10% and 9.7%.　　On the other hand, the International Monetary Fund reminds countries that the economic recovery is different and difficult, and should be treated cautiously and differently in the application of economic stimulus policy.　　The recovery is strong compared with the World Economic Outlook, released in October 2009, in the latest World Economic Outlook report, the International Monetary Fund (IMF) increased its forecast for economic growth in 2010 and 2011 from 3.1% and 4.2% respectively to 3.9% and 4.3%. The International Monetary Fund has increased its economic growth forecasts for the vast majority of countries.　　U.S. economic growth rose to 2.7% in 2010, 2.4% in 2011, and eurozone growth from 0.3% and 0.6% to 1% and 1.6% respectively. Emerging economies continue to be eye-catching. The International Monetary Fund estimates that emerging economies grew 6% and 6.3% in 2010 and 2011 respectively.　　China's growth was 10% and 9.7%, and India was 7.7% and 7.8%.　　　　"The global economic recovery has shifted to a stronger starting point (time) earlier than expected, but the pace of progress in different regions is different," the report said.　　No optimism the International Monetary Fund also points out that there are still problems and risks in the economy.　　On the one hand, large sums of money have flowed into emerging economies, creating asset bubbles; On the other hand, demand for individuals and businesses in developed countries is not flourishing and economic development relies on exceptional monetary, fiscal and financial incentives. "The recovery is still largely driven by policy," said Blanchard, chief economist at the International Monetary Fund.　　"The key challenge facing countries this year is how to revive the private sector and let the government stop relying on public spending to support economic development," he said. In addition, the International Monetary Fund believes that unprecedented global stimulus policies are increasing sovereign debt risk.　　International commodity prices are rebounding as demand in the world, especially in emerging economies, is expected to rise further, adversely affecting economic growth.　　　　In financial markets, Hose Binars, head of the IMF's currency and capital markets department, said, "The financial system has never been repaired and financial stability remains fragile".　　Policy challenges the economy has rebounded strongly, and the stimulus policies launched in the context of a multinational financial crisis should stop and when, in the eyes of the IMF, are a problem. The International Monetary Fund says the fiscal deficit caused by the stimulus will "unsettle financial markets" and increase risk, but "premature and incoherent exit of supportive policies could undermine global growth and its rebalancing".　　The government should stick to the policy unchanged for the economic stimulus projects launched in 2010. This Organization recommends that the implementationIn addition to the stimulus package, consider developing a sustainable fiscal spending programme.　　In the medium term, the programme should ensure expenditure on "pro-poor" projects.　　On monetary policy, the International Monetary Fund believes that, given the low inflation this year, the central bank can bear low interest rates, but for faster-growing countries, monetary policy has to be adjusted as quickly as possible. The IMF recommends that policies promote a rebalancing of global demand and sustain support when the recovery is not well sustained, and should shift to concerns about debt levels and asset bubbles in a timely manner once private demand is released. (Chen Lich)