The International Monetary Fund (IMF) expects the global economy to grow modestly over the next two years amid slowing activity in the United States, bottoms in Europe, and increased consumption and exports in China but noted that the risks on the path are high.
In an update to its global economic outlook, the International Monetary Fund warned of slowing momentum in fighting inflation, which could delay interest rate easing and maintain strong dollar pressures on developing economies.
The International Monetary Fund kept its forecast for global real GDP growth in 2024 unchanged from April's April forecast of 3.2 percent. He raised his forecast for 2025 by 0.1 percentage point to 3.3 percent.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
