The International Monetary Fund maintained its forecast for global GDP growth at 3.2% in 2024 and raised its forecast for 2025 by 0.1 percentage points. up to 3.3%. This was reported by Reuters with a link to the updated IMF report “World Economic Prospects”, writes LIGA.net.
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IMF forecast
Over the next two years, the global economy will experience moderate growth against the backdrop of declining activity in the United States , stabilizing the economy in Europe and strengthening consumption and exports in China, the report says.
The US growth forecast for 2024 was reduced by 0.1 percentage points. to 2.6%, reflecting slower-than-expected consumption in the first quarter. The forecast for the United States for 2025 remained unchanged – 1.9%.
The IMF significantly raised its forecast for China's GDP growth to 5%, from 4.6% in April, due to a rebound in private consumption in the first quarter and higher exports. In 2025, China's economy will slow to 4.5% annual growth.
The eurozone forecast has been revised by 0.1 percentage points. to 0.9% in 2024 (in 2025 – 1.5%, unchanged).
The IMF believes that the situation in Europe has stabilized and will improve thanks to the services sector, wage growth and investment.< /p>
Japan's economic growth forecast for 2024 was cut to 0.7% from 0.9%, partly due to weak private investment in the first quarter.
The IMF warned of short-term risks rising global inflation due to high prices for services, rising wages in labor-intensive sectors and the restoration of trade and geopolitical tensions.
The IMF also believes that changes in economic policy are possible as a result of numerous elections this year, which may have negative consequences for the rest of the world.
- IMF Economy
