IMF Raises Global Growth Forecast, WSJ

By Tom Barkley

Word Count: 462

WASHINGTON -- The outlook for the world economy has improved in recent months, but governments face an increasingly difficult task of trying to tamp down rising inflation pressures without jeopardizing economic growth, the International Monetary Fund said.

"The global economy is in a tough spot, caught between sharply slowing demand in many advanced economies and rising inflation everywhere, notably in emerging and developing economies," the fund said in its latest update to the World Economic Outlook.

The IMF raised its global economic-growth forecast for 2008 to 4.1% from an earlier estimate of 3.7% ...