IMF Reports on Global Economic Outlook
The International Monetary Fund (IMF) has released its latest forecasts, maintaining that the U.S. economy remains the engine of global growth, with a brighter outlook for 2024. Despite a notable fight against inflation being largely won, the IMF warns of increasing risks, including potential damage from tariff surges, war, and protectionism. While the outlook for the U.S. is optimistic, with an upward revision of growth projections, the overall global economy is expected to see only tepid growth, especially with downgraded expectations for China. Analysts are calling for a policy triple pivot to navigate a more uncertain future, particularly as elections create heightened unpredictability in the global economic landscape.
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