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Global output growth will increase by an estimated 3.6% in 2017 versus 3.2% last year, according to the IMF (International Monetary Fund). It believes the pace of growth will increase to 3.7% in 2018.
It says growth is accelerating in Europe, Japan, China and the US. However, it says the global recovery may not be sustainable.
Inflation remains below target in most advanced economies; there are spots of weak wage growth; and the medium-term outlook still looks disappointing in many parts of the world.
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