weo
Washington (AFP) - The IMF has raised its outlook for the global economy this year, while maintaining a gloomy forecast over the medium term, according to fresh data published Tuesday. The International Monetary Fund now expects the world economy to grow by 3.2 percent this year, up 0.1 percentage point from its previous forecast in January, and by a further 3.2 percent in 2025, according to the latest World Economic Outlook (WEO) report. Global headline inflation is expected to ease from 5.9 percent this year to 4.5 percent in 2025, supported by elevated interest rates in many countries. "The...
AFP
Washington (AFP) - The International Monetary Fund has slightly upgraded its outlook for world growth this year on the back of resilient service sector activity in the first quarter and a strong labor market, the lender said Tuesday. But despite the mildly better economic forecast, growth is expected to slow to three percent in 2023 and then stay there, held down by weak growth among the world's advanced economies, the IMF announced in a new report. "The global economy continues to gradually recover from the pandemic and Russia's invasion of Ukraine. But it is not yet out of the woods," IMF C...
AFP
Washington (AFP) - The US economy is on a "very narrow path" to avoiding a recession, the International Monetary Fund's chief economist says, while warning of risks to China's strong post-pandemic recovery. "A recession is not in our baseline," Pierre-Olivier Gourinchas told AFP during an interview at the IMF's headquarters in Washington, ahead of the publication of its updated global growth projections on Tuesday. "We are cautiously prudent that the US economy could avoid a recession and, you know, glide towards its inflation target without having a recession in its future," he said. "But it'...
AFP
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