Statsguru: World economy to maintain its growth momentum, says IMF

Emerging economies are expected to grow at 4.9 per cent in 2018, up from 4.7 per cent in 2017

The world economy is expected to maintain its growth momentum in the coming years, says the IMF in its latest World Economic Outlook.

As shown in Chart 1, the world economy is projected to grow at 3.9 per cent in both 2018 and 2019, up from 3.7 per cent in 2017. Growth is likely to be driven by emerging markets and developing economies, with the IMF noting that the rate of expansion in economic activity appears to have peaked in some major economies.

As shown in Chart 2, emerging economies are expected to grow at 4.9 per cent in 2018, up from