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IMF official sees world economy growing

Growth in the global economy is strong and should remain near 5 percent for this year and next despite ongoing monetary tightening by leading central banks an IMF official says.
/ Source: Reuters

Growth in the global economy is strong and should remain near 5 percent for this year and next despite ongoing monetary tightening by leading central banks, International Monetary Fund Managing Director Rodrigo Rato said on Sunday.

“The overall view of the global economy is one of strength. We see a rate of growth of 5 percent this year and around that figure next year,” he said on the sidelines of the annual general meeting for the Bank for International Settlements (BIS), the bank to the world’s central banks.

“Monetary policy is becoming less accommodative and that is, I think, a welcome step that will make the overall macroeconomic framework more sustainable,” he added.