Global economic outlook better than June, but ‘not out of the woods’, IMF says

The global economic outlook is less bleak than projected in June, the International Monetary Fund (IMF) said on Thursday, hinting that the organisation’s forecasts for growth will be raised next month.“Recent incoming data suggests that the outlook may be somewhat less dire” than projected in the Washington-based crisis lender’s World Economic Outlook published in June, spokesman Gerry Rice said, nothing that “parts of the global economy [are] beginning to turn the corner”.As the coronavirus…

from South China Morning Post https://www.scmp.com/economy/global-economy/article/3102979/global-economic-outlook-better-june-not-out-woods-imf-says