IMF Lifts World GDP Outlook on US Strength, China Fiscal Support
- Global economy seen expanding 3.1% this year, 3.2% in 2025
- ‘Soft landing’ is likely, but risks remain from war, inflation
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The International Monetary Fund raised its forecast for global growth this year on better-than-expected expansion in the US and fiscal stimulus in China, while warning of risks from wars and inflation.
The world economy will grow 3.1% this year, up from 2.9% seen in October, the Washington-based institution said in its quarterly World Economic Outlook on Tuesday. The fund kept its 2025 forecast unchanged at 3.2%.