According to a recent report from the International Monetary Fund (IMF), economic growth in emerging markets through calendar year 2016 will grow to 4.7 percent, driven by improvements in conditions in certain distressed economies, including Russia and economies in the Middle East and North Africa.
The IMF is also forecasting that increases in global growth for the remainder of 2015 will be driven by stronger growth in advanced economies, which will increase from 2014’s rate of 1.8 percent to 2.1 percent in 2015, which falls about 0.3 percentage points short of the forecast in April), and 2.4 percent in 2016. It also noted that “unexpected weakness” in North America in the first quarter of 2015 will improve.
Continue reading at: International Business Times
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