IMF: World out of recession

IMF: World out of recession Istanbul  - The world economy has pulled out of its worst recession since World War Two, the International Monetary Fund said in an economic forecast released Thursday.

The world economy will shrink 1.1 per cent this year before growing 3.1 per cent in 2010, according to the IMF's World Economic Outlook.

That compares to its July forecast of a 1.4-per-cent contraction in 2009 and 2.5-per-cent growth the following year. (dpa)