Can inflation be far behind?
* * * * * J B K * * * * *
San Francisco
The International Monetary Fund raised its forecast for global growth this year and cautioned that a failure of nations to contain soaring public debt might have "severe" consequences for the world economy.
The Washington-based IMF today said the economy will expand 4.2 percent in 2010, the fastest pace since 2007, compared with a January projection of 3.9 percent. Emerging countries including China and India are leading the world out of its worst recession since World War II, with Europe and Japan trailing the U.S. among advanced economies, the fund said in its World Economic Outlook.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aFDPqGOvEsj4
