The International Monetary Fund (IMF) today raised its world economic growth forecast for this year and next.
The IMF is now expecting growth for 2007 and 2008 to 5.2%, up from 4.9%, led by robust expansion in China, India and Russia.
China is expected to see growth of 11.2% in 2007, India's forecast of economic growth is 9% and Russia's economy is expected to see 7% growth.
For the US, the world's biggest economy, which grew a tepid 0.7% in the first quarter, the IMF said it now expects growth of 2% this year.
