The International Monetary Fund on Monday revised up its forecast for world economic growth in 2018 and 2019, saying sweeping U.S. tax cuts were likely to boost investment in the world's largest economy and help its main trading partners.
The IMF forecast global growth to 3.9 percent for both 2018 and 2019, a 0.2 percentage point increase from its last update in October.
IMF Managing Director Christine Lagarde pointed to a "troubling" increase in debt levels across many countries and warned policymakers against complacency, saying now was the time to address structural deficiencies in their economies. Earlier, the IMF warned that financial markets could reverse after strong growth.
