Though the global growth outlook is broadly unchanged from October, "divergences across countries are widening," Gourinchas added. The U.S. economic growth forecast for 2025 has been revised upward by 0.5 percentage points to 2.7 percent, while the Eurozone forecast has been downgraded by 0.2 perc...
IMF Chief Economist Pierre-Olivier Gourinchas speaks at a press conference in Washington, D.C., the United States, on Oct. 22, 2024. The International Monetary Fund (IMF) on Tuesday maintained its global growth forecast in 2024 at 3.2 percent, consistent with its projection in July, according...
IMF downgrades 2023 global growth forecast to 2.7 pct|IMF下调明年全球经济增长预期至2.7% The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 3.2 percent this year and 2.7 percent in 2023, with a downward 0.2-percentage-point revision for 2023 from th...
The International Monetary Fund (IMF) on Tuesday upgraded its forecast of global growth in 2024 to 3.2 percent, 0.1 percentage points higher than its projection in January, according to its newly released World Economic Outlook (WEO) report. Despite gloomy predictions, the global economy remains re...
IMF Cuts World Growth Forecast
The International Monetary Fund on Tuesday downgraded global economic growth for a second time this year. It shaved nearly a whole percentage point off predictions that just months ago forecast robust post-pandemic expansion. And if the Russia-Ukraine conflict, and inflation, are...
The International Monetary Fund (IMF) on Tuesday upgraded global growth forecast to 3.1 percent in 2024, 0.2 percentage point higher than the projection last October, according to its newly released World Economic Outlook (WEO) update. The upward revision reflects upgrades for China, the United Sta...
Figure1.1.1.Five-Year-AheadGrowthProjections26 Figure1.1.2.Five-Year-AheadGrowthProjections:CountryGroups26 Figure1.1.3.ProjectedGrowthDecelerationintheLargestEconomies27 Figure1.1.4.PerCapitaGrowthForecastDecomposition28 Figure1.1.5.Medium-TermGrowthandIncomeConvergence29 Figure1.2.1.DistributionofForecastUncertai...
including the IMF, have raised their expectations for China's economic growth. Currently, major overseas financial institutions predict China's 2024 growth to be around 5 percent, suggesting that this target is achievable, Bruce Pang, chief...
The IMF maintained its forecast for global growth in 2024 at 3.2 percent, noting that Asia's emerging market economies remain the main engine for the global economy. Global activity and world trade firmed up at the turn of the year, with trade spurred by strong exports from Asia, particularly...