Washington (AFP) – The International Monetary Fund said Tuesday that the Japanese and European economies were picking up pace as it stuck to its forecast for moderate global growth this year and next.The IMF trimmed its outlook for the United States but said the country would remain the driver of world output in 2015 and 2016 while many emerging economies struggle with low commodity prices and turbulence in financial markets.It also said in its semi-annual World Economic Outlook that the plunge in oil prices was not yet generating all the potential benefits of more spending money in consumers’ pockets.And it …read more
Source: Business Insider
