From “CNBC”:

The International Monetary Fund raised its global growth forecast to 3.1% in 2024, up 0.2 percentage points from its October projection, citing the strength of the U.S. economy and fiscal support measures in China. Large emerging markets like Brazil, India, and Russia have also outperformed expectations, but geopolitical volatility in the Middle East poses new risks. The U.S. economy grew by 3.3% in the fourth quarter, outpacing economists’ expectations. China’s ongoing property sector crisis, deflation concerns, and stimulus measures contributed to the IMF’s upgrade. The IMF’s forecasts remain below the global growth average between 2000 and 2019 of 3.8%. Inflation is forecasted to be 5.8% in 2024 and 4.4% in 2025, with advanced economies seeing a fall to 2.6% this year and 2% next year. Central banks are expected to start easing policy rates in the second half of the year, but there’s a risk of policy remaining too tight for too long, which would slow growth and bring inflation below 2% in advanced economies.



Read more: IMF ups global growth forecast on U.S. resilience, China policy support