"Some 120 economies, accounting for three quarters of world GDP, have seen a pickup in growth in year-on-year terms in 2017, the broadest synchronised global growth upsurge since 2010," the IMF said. "Global growth forecasts for 2018 and 2019 have been revised upward by 0.2 percentage point to 3.9%," the IMF said. "The revision reflects increased global growth momentum and the expected impact of the recently approved US tax policy changes. "As the year 2018 begins, the world economy is gathering speed," he said. "Shared priorities across all economies include implementing structural reforms to boost potential output and making growth more inclusive," the IMF said.

Source: Economic Times January 22, 2018 14:48 UTC