IMF says global 'soft landing' in sight, raises 2024 economic growth outlook

The International Monetary Fund (IMF) has revised its global economic growth forecast upward, citing a faster-than-expected easing of inflation. The updated World Economic Outlook indicates a "soft landing" on the horizon, with overall growth and global trade, though improving, still below historical averages. The IMF projects global growth at 3.1% in 2024, up from its October forecast, and anticipates unchanged growth of 3.2% in 2025. However, the historical average for 2000-2019 was 3.8%. The IMF highlights increased private and public spending, improved labour force participation, mended supply chains, and lower energy prices as supporting factors.

For the full article, IMF says global 'soft landing' in sight, raises 2024 economic growth outlook (msn.com)

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