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IMF Expects Steady But Slow Growth for Global Economy in 2024

Washington: The International Monetary Fund (IMF) forecasted that the global economy is heading towards another year of steady but slow growth in 2024. This comes as the strength of the US economy is expected to outweigh the headwinds resulting from o…

Washington: The International Monetary Fund (IMF) forecasted that the global economy is heading towards another year of steady but slow growth in 2024. This comes as the strength of the US economy is expected to outweigh the headwinds resulting from ongoing high inflation and weakened demand in China and Europe.

The IMF also projected a 3.2 percent real global Gross Domestic Product (GDP) growth rate for both 2024 and 2025, maintaining the same rate as in 2023.

It is worth noting that growth forecasts for 2024 have been revised upward by 0.1 percentage point from previous estimates in the January Global Economic Outlook report. This adjustment is largely attributed to the significant upward revision in growth expectations for the US economy.

Source: Qatar News Agency