IMF: World Economy to Grow Strongly in '07

The world economy is set to grow strongly in 2007, especially in Europe and emerging Asia, International Monetary Fund Managing Director Rodrigo Rato was quoted on Monday as saying.

"The world economy is moving into another year of strong growth and broad-based growth, so there is a very good opportunity for governments to strengthen their economies," Rato said in an interview published by news agency Market News.

"Certainly we see strong growth in Europe, a continuation of growth in Japan, and we see very strong growth in many emerging economies -- in Asia but also other areas," he added.

Central banks needed to retain a vigilant monetary policy stance, but so far the U.S. Federal Reserve, European Central Bank and Bank of Japan had all pursued "accurate" strategies in response to real economic data, Rato said.

Rato was speaking on the fringes of a meeting of the Bank for International Settlements in Basel, Switzerland.