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IMF raises global growth forecast

The International Monetary Fund foresees a stronger than anticipated
recovery from the economic crisis, with global growth approaching
three percent in 2010 , world leaders said Friday. The IMF had
estimated in July a global contraction of 1.4 percent in 2009 ,
followed by sluggish growth of 2.5 percent in 2010 , but was more
upbeat as Group of 20 leaders met in the US city of Pittsburgh. "The
IMF estimates that world growth will resume this year and rise by
nearly 3.0 percent by the end of 2010 ," the Group of 20 developed
and emerging economies said in a final statement to conclude a
two-day summit. Leaders of 19 rich and emerging nations plus the
European Union pledged they would work together to help the world
economy reach robust growth.