IMF Lowers Global Growth Projection for 2024 to 2.9...
International News
October 11, 2023
The IMF has downgraded its global growth forecast for 2024 to 2.9 percent, with a more significant slowdown anticipated in advanced economies compared to emerging markets and developing nations. Advanced economies are expected to experience a decline from 2.6 percent in 2022 to 1.5 percent in 2023 and further to 1.4 percent in 2024. This trend is influenced by stronger-than-expected performance in the United States but weaker-than-expected growth in the euro area.