According to the International Monetary Fund’s (IMF) July 2024 World Economic Prospects report, global growth is expected to stabilize at 3.2% in 2024 and 3.3% in 2025.The global economy is in trouble.”
The IMF Economic outlook Twice a year, we use a “bottom-up” approach, starting with individual countries and then compiling an overall global forecast.
According to the IMF, U.S. growth will slow to 1.9% in 2025 from 2.6% in 2024, reflecting a slower-than-expected start to the year. The eurozone’s growth will rise from 0.5% in 2023 to 0.9% in 2024, before rising to 1.5% in 2025.
–
The IMF projects advanced economy growth to remain steady at 1.7% in 2024 before picking up slightly to 1.8% in 2025.
–
Meanwhile, the IMF estimates that growth in emerging market and developing countries is expected to slow slightly from 4.4 percent in 2023 to 4.3 percent in 2024 and 2025.
–
According to the IMF, the world Consumer InflationEnergy-related spending, which includes food and energy, is expected to decline from 6.7% in 2023 to 5.9% in 2024 and 4.4% in 2025.
