The International Monetary Fund announced on Monday that it expects global economic growth to be greater than first predicted — and the Republican tax reform bill that passed at the end of 2017 is largely to blame.
According to Bloomberg, the IMF has “raised its forecast for world expansion to 3.9 percent this year and next, up 0.2 percentage point[s]” from previous predictions. That is the fastest growth rate, the business media outlet points out, since the end of the previous “great recession” in 2011.
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