"IMF Upgrades Global Growth Forecast, Predicts Soft Landing for World Economy in 2024"

The International Monetary Fund predicts a soft landing for the world economy in 2024, with global growth expected to reach 3.1% this year and 3.2% in 2025. Inflation is anticipated to fall, allowing central banks to ease high interest rates. The US, China, and large emerging markets are expected to see higher growth as central banks begin to loosen monetary policy. However, growth is projected to remain below historical averages due to the lag effect from elevated interest rates. The IMF warns of potential risks such as a spike in commodity prices and trouble in China's property sector that could impact global growth.