IMF sees slow, steady global growth in 2024; China, inflation pose risks

The International Monetary Fund (IMF) predicts the global economy will expand by 3.2% in both 2024 and 2025, with a slight upward revision from their previous forecast of 3.1% for 2024. Global headline inflation is anticipated to decrease from the current rate of 5.9% to 4.5% by 2025. IMF Chief Economist Pierre-Olivier Gourinchas stated that their baseline scenario assumes a "global soft landing," meaning a controlled economic slowdown without a recession.