(MENAFN) The International Monetary Fund had improved its estimates for US economic growth while expecting stimulus spending by the incoming Trump administration and kept global growth forecasts unchanged.
The quarterly World Economic Outlook (WEO) by the IMF showed the forecasts for 2017 and 2018 are driven by uncertainty and risk, including signs of protectionism.
Also, it sees global growth unchanged from the October reports, and showed concerns about slowing in major developing economies were offset by the recovery in advanced economies.
However, IMF said there is "a wide dispersion of possible outcomes around the projections, given uncertainty surrounding the policy stance of the incoming US administration and its global ramifications."
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