IMF sees optimism return

The International Monetary Fund (IMF) has said that “some optimism has returned” to the global economy and has predicted slightly faster growth.
The IMF revised world economic growth for 2012 to 3.5 per cent, up from its previous forecast of 3.3 per cent.
It also expects the UK to grow faster this year, by 0.8 per cent rather than 0.6 per cent.
But the IMF noted another eurozone crisis was possible and that most major economies “still face major brakes on growth”.
The eurozone recently agreed a second multi-billion-euro bailout for Greece, making a default of the country less likely, and has created a permanent rescue fund, hoping to contain a crisis that has dragged on for years. (BBC)