The IMF said on Tuesday that global growth will slow slightly to 3.2% this year and remain at that level in 2025, while warning that robust data mask "important" regional and sectoral changes.
In its new World Economic Outlook (WEO) report, the International Monetary Fund also predicts that global inflation will continue to slow, reaching 5.8% this year and falling to 4.3% in 2025.
"The battle against inflation is almost won," IMF chief economist Pierre-Olivier Gourinchas told reporters on Tuesday. "Reducing inflation without a global recession is a major achievement."
The Fund's foreign policy report noted that global growth is expected to reach a weak 3.1 percent by 2029, and warned of growing risks to that indicator.
Behind the relatively calm growth outlook to 2025, "the picture is far from monolithic," the Fund said, warning of "important sectoral and regional shifts" that have occurred over the past six months.
There are also a number of risks to growth, Gurinshas said, highlighting the prospect of an "escalation of regional conflicts, particularly in the Middle East." | BGNES
