Japan stocks set to rise as IMF raises global economic growth forecast

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The International Monetary Fund now expects the global economy to grow 5.5% this year, a 0.3 percentage point increase from October's forecasts.

declining about 0.1%. Australia's fourth quarter consumer price index is expected to be out at around 8:30 a.m. HK/SIN on Wednesday.

In its latest World Economic Outlook published Tuesday, the IMF now expects the global economy to grow 5.5% this year. That's a 0.3 percentage point increase from October's forecasts. "Much now depends on the outcome of this race between a mutating virus and vaccines to end the pandemic, and on the ability of policies to provide effective support until that happens," the IMF's Chief Economist Gita Gopinath said in a blog post.

Global coronavirus virus infections recently topped the 100 million mark, according to a tally from Johns Hopkins University. That comes as new and more contagious virus mutations circulate and send infection rates surging.

 

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