Global economy accelerates

The International Monetary Fund improved its estimations of this year’s global economy expansion, from 4.2 to 4.6 percent. However the financial constraints after the crisis, may cause danger.

This year's higher projections are depends on – especially in the euro area – the extent of restoring stability and regain the confidence. In particular, the developed countries should show a credible fiscal consolidation, and actions as part of the underlying medium-term growth and enhance competitiveness. Also a tax and pension reform would be needed – reports Népszabadság Online.