IMF Lifts Growth Forecast for Global Economy, Warns of Risks
- Sticky inflation, war a concern as global GDP set to grow 3.2%
- US 2024 forecast raised to 2.7%; China unchanged at 4.6%
The IMF warned high borrowing costs and the withdrawal of fiscal support are weighing on short-term growth.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
The International Monetary Fund inched up its expectations for global economic growth this year, citing strength in the US and some emerging markets, while warning the outlook remains cautious amid persistent inflation and geopolitical risks.
Global economic activity will expand 3.2% this year, it said Tuesday in its World Economic Outlook, up 0.1 percentage point from its January estimate. The forecast for 2025 was unchanged at 3.2%.