GLOBAL ECONOMIC OUTLOOK IMPROVING

The prospects for the global economy are slowly improving, but growth is expected to be weak, especially in Europe, according to a United Nations-backed report released today.
The 2012 World Economic Outlook, published by the International Monetary Fund (IMF), added that unemployment in many advanced economies will stay high.
“Although action by policymakers in Europe and elsewhere has helped to reduce vulnerabilities, risks of a renewed upsurge of the crisis in Europe continue to loom large, along with geopolitical uncertainties affecting the oil market,” stated the Fund.