IMF leaves 2018 and 2019 global growth estimates unchanged but boosts US and Europe

The latest world economic outlook

• Leaves 2018 global growth at 3.9%, same as January
• Leaves 2019 global growth at 3.9%, same as January
• Boosts 2018 US growth to 2.9% from 2.7%
• Boosts 2019 US growth to 2.7% from 2.5%
• China growth forecasts unchanged at 6.6% this year and 6.4% next
• Raises Eurozone 2018 forecast to 2.4% from 2.2%
• 2019 Eurozone forecast unchanged at 2.0%
• Cuts 2018 for Canada slightly
• Raises 2018 Brazil forecast to 2.3% from 1.9%
• Says risks balanced in next few quarters
• Sees weaker global growth after 2020

Have they seen the recent data from Europe? It’s not the kind of thing that should be sparking a growth upgrade.

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