IMF Releases Global Economic Outlook Report for 2024

According to Odaily, the International Monetary Fund (IMF) has released its Global Economic Outlook report, maintaining its forecast for global GDP growth at 3.2% for 2024, consistent with its July prediction. For 2025, the IMF projects a growth rate of 3.2%, slightly lower than the 3.3% forecasted in July. The report also provides updated projections for specific regions. The United States is expected to see an economic growth rate of 2.8% in 2024, an increase from the 2.6% forecasted in July. For 2025, the growth rate is anticipated to be 2.2%, higher than the previous estimate of 1.9%. In the Eurozone, the IMF predicts a growth rate of 0.8% for 2024, a slight decrease from the 0.9% forecasted in July. For 2025, the growth rate is expected to be 1.2%, down from the earlier prediction of 1.5%.