The economic growth of the world will increase by about 3 percent next year, according to a new forecast from the International Monetary Fund.
It is a good sign, as this year’s forecast is more optimistic than the IMF expected.
The global economy will grow by 2.5 percent in 2018 and 2.4 percent in 2019, which is the IMF’s forecast.
In a statement released on Wednesday, the IMF said the IMF forecast that the global economy would grow by 1.6 percent in 2017, and by 2 percent in the next three years.
The IMF predicts the world economy will expand by 0.7 percent in 2020 and by 1 percent in 2021.
A global economic slowdown in the past few years is expected to help boost economic activity in 2018.
However, the global economic outlook for 2018 will depend on whether China can bring its economy back on track and to a more sustainable growth rate.
China has not made a decision on whether it will resume economic growth, the central bank said in a statement on Wednesday.
On Friday, the International Bank for Reconstruction and Development said the global recovery will be weaker than expected.
It said that, after years of low growth, global demand and output are set to weaken.
Despite the weak recovery in the United States, the economy will likely grow by about 1 percent this year and 1.8 percent in 2022.
By 2026, the World Bank estimates, global gross domestic product will be about 5.7 trillion dollars (US$7.3 trillion).
By then, the recovery in growth and inflation in China will have been boosted by higher consumption and investment.
More:China and the U.S. are two of the countries with the fastest growth, according the IMF.
If the Chinese economy continues to grow at the rate it has been, its global growth could increase to around 2 percent, the bank said.