Global Economic Developments: Adjustment Ending but Fragility Lurking Global Recovery and the Waning of Pessimism As the global financial system is generally returning to a surer footing, the global economy is also regaining its momentum since the second half of last year.
In the World Economic Outlook (WEO) published last month, the International Monetary Fund (IMF) expects the global economy to grow by 3.5 percent this year. The developed economies -- Japan, the United States, and Europe -- are all envisaged to enjoy robust domestic demand growth, while the forecast for Chinese growth is around 6.5 percent.