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IMF tweaks growth forecasts

The International Monetary Fund has slightly increased its forecast for global economic growth this year, predicting 3.9% growth for 2018, up 0.2% on its previous forecast issued last October. It follows a slightly better than expected performance for the world economy in 2017, which grew by 3.7% overall – that momentum is expected to carry into 2018 and 2019.Growth in the Middle East is expected to pick up in 2018 and 2019, with stronger oil prices helping a recovery in domestic demand in oil-exporting countries.

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