IMF Managing Director Christine Lagarde said in a speech at Harvard University on Thursday (Oct 5) that she would see that the long-awaited global recovery is taking root. In July, the IMF projected 3.5% global growth for 2017 and 3.6% for 2018. Next week IMF will release an updated forecast ahead of its Annual Meetings — and it will likely be even more optimistic. Measured by GDP, nearly 75% of the world is experiencing an upswing; the broadest-based acceleration since the start of the decade. This means more jobs and improving standards of living in many places all over the world.