IMF raises global growth forecast for 2024 to 3.1%, from 2.9% previously
Tradehay.com: 30/01/2024 - 02:39
• Lowered inflation forecast for 2025 to 4.4%, compared to 4.6% previously.
• Growth remains slower than the historical average of 3.8%, reflecting high interest rates and sluggish productivity growth.
• The IMF is concerned that rising trade tensions and geopolitical economic fragmentation could constrain global growth.
Updated 2024 economic forecast:
• US: GDP growth is expected to reach 2.1% compared to 1.5% from October.
• Germany: GDP growth is expected to reach 0.5% for 2024 compared to 0.9% in October, but to reach 1.6% in 2025 compared to 2.0% previously.
• China: GDP growth is expected to reach 4.6% compared to 4.2% from October.
• Eurozone: GDP growth is expected to reach 0.9% compared to 1.2% in October.
The IMF forecasts the Fed, ECB and BoE will keep interest rates at current levels until the second half of 2024.
Reprinted from Tradehay，the copyright all reserved by the original author.
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