'Global GDP growth to continue'

Mumbai, Apr 18 (UNI) Global GDP growth is likley to continue despite a slowdown visible in the American economy and volatility of oil prices, according to Charles Collyns, deputy director, Research, International monetary fund(IMF).

However, the policy makers and financial markets across the world should prepare themselves ready to face ''any surprises'' about to take place in the global economy, said Collyns.

IMF is keeping a close eye on the surging levels of capital inflows to emerging markets like India and China apart from the concerns over the rising inflation levels.

Addressing a seminar on 'world economic outlook', here, Collyns warned off the 'bumps' laid in the way to GDP growth among which inflation, slow down of the US economy, volatile oil prices and the financial stability turns out to be the key factors troubling most economies except China.

Time is ripe for the economies to take advantage of the 'good time' to tackle the structural impediements in the respective economies'', he added.

''The Chinese economy has grown tremendously in recent times despite lukewarm fiscal assets investment.'', he said.

The emerging Indian economy is highly linked with the global market but the expected growth can't be reached unless appropriate measures were taken on the inflation levels, Collyns added.

UNI