All articles tagged with #global growth forecast
The World Bank has lowered its global growth forecast for 2025 to 2.3%, citing increased tariffs and trade uncertainties, with advanced economies and poor countries facing significant challenges; global trade growth is also expected to slow, and inflation is projected to rise above pre-COVID levels, though the risk of a recession remains low.
The IMF has raised its global growth forecast for 2024 to 3.1%, citing the resilience of the U.S. economy and fiscal support in China, with large emerging markets also performing better than expected. Despite new risks from commodity price spikes and supply chain issues, the IMF sees a reduced likelihood of a "hard landing." Inflation is falling faster than expected, leading to the possibility of central banks easing policy rates in the second half of the year, but there is a risk of policy remaining too tight for too long, which could slow growth and bring inflation below 2% in advanced economies.
Gasoline prices are surging, posing a challenge for Federal Reserve Chair Jerome Powell and the central bank as they navigate inflation concerns. The International Monetary Fund (IMF) has raised its global growth forecast for 2023, indicating a positive outlook for the world economy.