IMF: the next five years, the global economy will grow by 2.5%

The International Monetary Fund (IMF) recently published global economic forecast report, the global economy over the next five years will increase 2.5%.

Should the Group of twenty (G20) requirements, the IMF recently for the next five years, global economic growth to make predictions. IMF pointed out that, if developed economies to increase efforts to reduce the budget deficit, emerging economies to take more active measures to promote domestic consumption, then the next five years in the global economy will achieve 2.5% growth. IMF also expressed the hope that the trade deficit, the larger United States and similar advanced economies over the next five years to reduce the size of the deficit of more than 3% of the current plan to increase the IMF recommends these economies in the future, a period should be reduced import consumption, increase national savings.

In order to reduce the budget cuts could drag on the economy, the IMF recommendations developed economies implement tax system reforms. While this could cause a decline in economic growth rates in the short-term, but due to the investment and employment, environment, long term economic development will play a positive role in promoting. For large emerging economies, the IMF is recommended to increase investment in domestic priorities, including health care, infrastructure and poverty reduction in expenditure.

IMF World economic growth forecast report is the G20 rebalancing part of global economic policy. According to the IMF's vision, the G20 countries will be divided into several groups, namely the trade deficit of developed countries, the trade surplus of European countries, the trade surplus of emerging countries. In November will be held in Seoul, Korea at the next G20 Summit, IMF may be for individual States to provide more detailed analysis of the report.

IMF stated that in countries with good economic policy expected based on the global economy will achieve balanced and sustainable growth. But the IMF also said that in the developed economies import consumption cannot be restored to the levels before the recession, how to make a sustainable growth in the global economy, which will be placed in front of decision makers in the world economy.