The IMF has published a world economic outlook update including the impact of U.S. tax reform. The main points as provided in the update are as follows:
- Global economic activity continues to firm up. Global output is estimated to have grown by 3.7 percent in 2017, which is 0.1 percentage points faster than projected in the fall and ½ percentage points higher than in 2016. The pickup in growth has been broad based, with notable upside surprises in Europe and Asia. Global growth forecasts for …