IMF predicts slightly slower global growth in 2024 and 2025: Video
The International Monetary Fund (IMF) announced on Tuesday, October 22 that global growth is expected to ease slightly to 3.2% this year and remain at that level through 2025.
While inflation is predicted to continue declining, hitting 5.8% in 2023 and 4.3% in 2025, the IMF warned that these stable figures conceal significant regional and sectoral shifts.
In its latest World Economic Outlook (WEO) report, IMF chief economist Pierre-Olivier Gourinchas said that inflation is moving in the right direction without a major slowdown in growth or a global recession.
He explained that advanced economies are on track to meet central bank inflation targets by 2025, though it may take longer for emerging markets.
The report highlighted that while global growth is expected to trend toward a lacklustre 3.1% by 2029, various sectors and regions have experienced important changes over the past six months, according to AFP report.
The announcement follows the start of the IMF and World Bank Annual Meetings in Washington, where global finance ministers and central bankers are convening to discuss the economic landscape.
