Global economies are recovering simultaneously and at a stronger than expected pace, and will get at least a short-term boost from the US tax cuts, the International Monetary Fund said Monday.

The latest update of the IMF's World Economic Outlook (WEO) revised the global growth forecast to 3.9 percent this year and next, two-tenths higher than the previous estimate in October.

However, the fund warns that exuberant financial markets could be due for a reversal.

Source: AFP