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Global growth is set to be higher than expected this year, the IMF says, raising its forecast on surprisingly strong consumption and investment while China's lifting of zero-Covid restrictions provides another boost.
"The outlook is less gloomy than in our October forecast and could represent a turning point, with growth bottoming out and inflation declining," adds IMF Chief Economist Pierre-Olivier Gourinchas at a press conference in Singapore. IMAGES AND SOUNDBITES