IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation
The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the U.S. and a slower pace of inflation, particularly in advanced economies. In its latest outlook, the 190-country lending agency said Tuesday that it now expects the global economy to grow 3.1 per cent this year, unchanged from 2023 but better than the 2.9 per cent it had predicted for 2024 in its previous estimate in October. In the most advanced economies, the agency expects inflation to drop this year to 2.6 per cent and next year to the two-per-cent level that central banks have set as a target.
