WASHINGTON (Jan 30): The International Monetary Fund on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the US and China — the world's two largest economies — and citing faster-than-expected easing of inflation.

The IMF's chief economist, Pierre-Olivier Gourinchas, said the global lender's updated World Economic Outlook showed that a "soft landing" was in sight, but overall growth and global trade still remained lower than the historical average.

Source: The Edge