The pickup in global growth recovery remains on track, the International Monetary Fund (IMF) said in its latest World Economic Outlook (WEO) report on Monday, maintaining its previous forecast of global growth at 3.5 percent and 3.6 percent respectively for 2017 and 2018.
The unchanged global growth projections reflect different contributions at the country level, said the report. "The revisions reflect primarily the macroeconomic implications of changes in policy assumptions for the world's two largest economies, the United States and China," IMF said in the report.
China's growth forecast for 2017 was revised up by 0.1 percentage point to 6.7 percent from April, reflecting a strong first quarter and expectations of continued fiscal support. And an upward revision of 0.2 percentage point from April to 6.4 percent was forecasted in China's 2018 growth.
