IMF hikes eurozone growth forecasts, cautious on outlook

BRUSSELS: The IMF hiked its eurozone growth forecasts Tuesday, with the economy getting a boost from lower oil prices, record low interest rates and the European Central Bank's massive stimulus programme.

At the same time, the IMF warned that the outlook was uncertain, with very low inflation reflecting weak demand while the Ukraine crisis and uncertainty over twice-bailed out Greece's future in the 19-nation single currency bloc were cause for concern.