IMF raises forecast for global growth in 2024 to 3.1%

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The International Monetary Fund (IMF) on Tuesday improved its forecast for global economic growth in the coming year, raising its expectations to 3.1% from an earlier forecast of 2.9% in October. The IMF expects growth of 3.2% in 2025. “The clouds are beginning to part,” wrote IMF chief economist Pierre-Olivier Gourinchas in a blog entry, noting that inflation was declining and growth “holding up.” But in order to achieve goals such as sustainable growth and greater prosperity, the pace of expansion must pick up, the IMF economist emphasized. The IMF raised its 2024 growth forecast for the Uni…

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