IMF Outlook

The IMF presented a brighter outlook for this year, with the world economy forecast to expand at a 3.9% pace instead of the 3.1% estimate given in October. Global growth is expected to continue to pick up in 2011, with the forecast edging up to 4.3% from 4.2%. "Policies need to foster a rebalancing of global demand, remaining supportive where recoveries are not yet well-sustained," the IMF said in its update to the World Economic Outlook.