"IMF Economist: Global Recession Risk Minimal, Despite Warning on US Debt and Spending"
TL;DR Summary
The International Monetary Fund's top economist, Pierre-Olivier Gourinchas, has expressed minimal concern about a global recession, citing strong economic performance in the U.S. and certain emerging markets. Despite geopolitical tensions and potential disruptions in oil markets, the IMF has raised its global growth outlook to 3.2% for 2024 and 2025. However, Gita Gopinath, the IMF's deputy managing director, highlighted geopolitical risks as a significant concern, particularly regarding potential implications for oil prices.
- Risk of a global recession is minimal, IMF economist says — would take 'a lot to derail' CNBC
- China’s economy expands by a surprisingly strong pace in the first quarter of 2024 CNN
- World Economic Outlook, April 2024: Steady but Slow: Resilience amid Divergence International Monetary Fund
- IMF Lifts Growth Forecast for Global Economy, Warns of Risks Bloomberg
- IMF Steps Up Its Warning to US Over Spending and Ballooning Debt BNN Bloomberg
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
2 min
vs 3 min read
Condensed
85%
473 → 72 words
Want the full story? Read the original article
Read on CNBC