IMF to raise global economic forecast following US economic stability

The IMF boss made the comments while concluding her Kenya visit. She pointed to certainty in the US economy, as a factor that could support increased growth.The comments are in contrast to an IMF projection, in which the institution lowered its expectation for 2014. The US Unemployment Rate fell to 7 percent in November from 7.3 percent in October and is expected to keep dropping as confidence in the US economy rises. Lagard, has however warned, that recovery in advanced economies, and related volatility in financial markets risked creating new challenges in emerging market economies including those in Africa.