November 4, 2024
IMF Predicts Slower Global Growth In 2024 And 2025
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IMF Predicts Slower Global Growth In 2024 And 2025

FG’s House Gifts Will Boost Judges’ Performance says CJN
FG’s House Gifts Will Boost Judges’ Performance says CJN

The International Monetary Fund (IMF) has projected global growth to ease to 3.2% in 2023 and remain steady through 2025, while cautioning that these stable figures mask significant regional and sectoral shifts.

In its latest World Economic Outlook report, released on Tuesday, the IMF also predicted that global inflation will ease from 5.8% this year to 4.3% by 2025, with advanced economies expected to hit inflation targets by then, though emerging markets may take longer.

IMF Chief Economist Pierre-Olivier Gourinchas noted that inflation is heading in the right direction without triggering a global recession or major economic slowdown.

However, the IMF warned that global growth may decline further, trending to 3.1% by 2029, and highlighted growing risks to the economic outlook.

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