The International Monetary Fund hailed the “broadest synchronised global growth upsurge since 2010” as the global elite arrived at the World Economic Forum in Davos yesterday in ebullient mood.
Consigning the troubles of the past decade to history, the upgraded IMF forecasts signalled the strongest global outlook since the start of 2010.
The optimism was matched by a jump in chief executives’ confidence about their companies’ prospects, detailed in an annual survey by PwC, the professional services firm. Speaking in Davos, Christine Lagarde, managing director of the IMF, said: “All signs point to a further strengthening [in global growth] both this year and next. This is very welcome news.”
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