IMF: Global economic output to be 3% lower in 2024 than pre-pandemic projections
The International Monetary Fund (IMF) said on Wednesday that the global economic output is expected to be about 3% lower in 2024 than projections that were made before the coronavirus pandemic, as reported by Reuters.
"Systemic financial stress is largely avoided in COVID-19 crisis but the recovery is still challenging for some countries," the IMF further noted in a blog post summarizing its updated World Economic Outlook report.
"Unlike what happened during the global financial crisis, emerging market and developing economies are expected to have deeper scars than advanced economies, with losses expected to be the largest among low-income countries," it added.
Market reaction
The market mood was largely unaffected on this headline and the S&P 500 futures were last seen gaining 0.18% on a daily basis.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.