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The IMF will most likely revise upward its forecasts on the growth of the global economy which seems to be recovering faster than anticipated, IMF first deputy managing director John Lipsky said.
According to the IMF official, this month"s forecasts will be revised compared to those of October to reflect the IMF"s increased optimism.
"The year 2010 has opened amid generalized - but cautious - optimism about the global economic and financial outlook," John Lipsky said.
He added: "These more upbeat expectations will be reflected in the revised editions of the forecast, which will be launched in January".
The IMF in October forecast that world economic output would grow by 3.1 percent in 2010, after shrinking by 1.1 percent in 2009.
Wealthy nations will gain 1.3 percent, while developing and emerging countries will lead the rebound with 5.1-percent growth in 2010.
Lipsky said there were still reasons for caution as the world comes out of recession, mentioning high unemployment and fragile financial systems in advanced economies. He urged world governments to keep massive public spending measures in place through 2010.
Political leaders of the European Union will meet in Brussels on February 11, on the occasion of an extraordinary summit dedicated to restarting economic growth. The permanent president of the European Council, Herman Van Rompuy, announced: "I am setting up the next meeting of the European Council of February 11 (...)
We need more economic growth in order to finance on a sound basis our social model [and] to preserve our European way of life".
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