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Press Release No.4 1999 - IMF World Economic Outlook

Date:

Thursday, 1 April 1999

Content ID:

127

Abstract:

The IMF expects world growth to remain relatively weak in 1999, similar to that in 1998, before recovering solidly in 2000. In 1999, world economic growth will continue to be supported by strong growth in the US and Europe, although less than in 1998, while economic contraction in Japan is expected to moderate. The IMF notes that activity in the Asian crisis economies is close to its trough, with GDP growth expected to strengthen over 1999 and 2000.

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