IMF: global economic growth this year will accelerate to 3.6%

According to experts, the U.S. economy this year will grow by 2.2%

The pace of global economic growth this year will reach 3.6 percent, accelerating in comparison with last year increased 3.2 percent.

This forecast was presented on Tuesday, the international monetary Fund, while the representatives of the world Bank and countries of the world gathered in Washington to discuss economic growth, the situation on the labour market, as well as their concerns, ideas and plans.

According to experts the IMF, economic growth contribute to improvements in the field of investment, industrial production and business, and strengthening consumer confidence. While the IMF believes that the economy of developed countries, including the United States, will grow more slowly than in developing countries.

According to IMF estimates, US economic growth this year will amount to 2.2 percent, an increase compared to the year 2016. According to experts, the future of economic growth in the US is difficult to estimate because of proposals for tax cuts and legislative restrictions on businesses and increased infrastructure spending has not yet received congressional approval.

Forecast for growth of China’s economy declined slightly, but remains at a good level – 6.8 percent.

The growth of the economy of sub-Saharan Africa is expected this year will reach 2.6 percent, and next year at 3.4 percent. This is slightly below previous estimates.

According to the IMF, the leaders of the countries must carry out reforms now, while the situation is favorable. They call to increase their potential productivity, reduce inequality and take action to improve the sustainability of national economies. The experts also call upon the developed countries to keep interest rates low at least until then, until you begin to grow inflation, and work to strengthen international economic cooperation.

Experts warn that problems with commercial lending in China, the accelerating increase in interest rates in the developed countries or the drastic reduction of restrictions aimed at preventing a new financial crisis could have a negative impact on the growth of the economy.