The global economy will grow between 3.5% and 4.1% this year, according to an IMF forecast.

But unemployment will remain high and oil prices will fluctuate, the report said. The new economic policies have "reduced the threat of a sharp global slowdown," and will help achieve a "weak recovery," according to the IMF. Advanced economies will achieve growth of 1.4% in 2012 (the growth rate in 2010 was 3.2%).
Emerging and developing markets will be "relatively stable," with growth averaging 5.7 percent (last year's 6.21 percent).
"The recent modest gains are very fragile," the report said. "We have been on a roller coaster ride over the past six months," IMF chief economist Olivier Blanchard said in a statement. "We think weak growth will be in advanced economies; robust but small growth in emerging and developing economies."
Europe will remain at risk and the region's economy will contract by 0.3% this year. Asia, which will face declining demand from abroad, will reclaim 6 percent growth. Japan will continue to recover from last year's earthquake and tsunami and will secure 2 percent growth. China, after a "soft landing," will expand its economy at a slower pace, 8.2% versus 9.2% last year. The U.S. is on a steady climb: the U.S. economy is expected to grow 2.1% this year and 2.4% next year (-1.7% in 2011). This is due in part to "positive labor market results," although the latest data for March was disappointing . In the future, according to the IMF, the U.S. will face problems related to the downturn in the real estate market, interest rate policy and an increase in the national debt.

Based on foreign press for ForTrader.org