The International Monetary Fund warns that the world economy has lost momentum from the...
The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty from the war between Israel and Hamas militants, International Monetary Fund warned Tuesday. The IMF said it expects global economic growth to slow to 2.9% in 2024 from an expected 3% this year. The forecast for next year is down a notch from the 3% it predicted back in July.
The hikes have helped ease price pressures without putting many people out of work. That combination, he said, is “increasingly consistent' with a so-called soft landing — the idea that inflation can be contained without causing a recession. The IMF sees global consumer price inflation dropping from 8.7% in 2022 to 6.9% this year and 5.8% in 2024.
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