IMF Upgrades Global Growth Forecast, Anticipates Inflation Retreat
TL;DR Summary
The International Monetary Fund (IMF) has raised its global economic growth outlook, expecting a 3.1% growth rate in 2024 and 3.2% in 2025, with inflation projected to decrease. The U.S. is anticipated to experience a soft landing with a slowdown in growth, while the euro area may struggle. Global trade is projected to grow at a slower rate, and concerns persist about the banking system's exposure to commercial real estate. The IMF foresees central banks maintaining current interest rates until the second half of 2024, and notes a trend of increasing protectionist measures impacting globalization.
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- IMF upgrades global growth forecast, citing U.S. resilience and policy support in China CNBC
- IMF Lifts World GDP Outlook on US Strength, China Fiscal Support Bloomberg
- IMF upgrades 2024 global economy growth, sees inflation improvements Axios
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