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IMF Raises Global Growth Forecast Amid High Inflation: 5 Picks [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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More importantly, the agency projected that global growth will remain static at 3.2% in both 2024 and 2025 despite elevated inflation and geopolitical uncertainties. The IMF projected that the global headline inflation will decline gradually from 6.8% in 2023 to 5.9% in 2024 and 4.5% in 2025. However, the average global growth rate for the next five years will be 3.1%, marking the lowest medium-term growth forecast in decades. IMF Chief Economist Pierre-Olivier Gourinchas urged central bankers to be on track to bring down the inflation rate to their respective target levels. According to Gourinchas, “As the global economy approaches a soft landing, the near-term priority for central banks is to ensure that inflation touches down smoothly, by neither easing policies prematurely nor delaying too long and causing target undershoots.” The IMF said that the U.S. economy will remain resilient and is likely to grow at 2.7% annually in 2024 after growing 2.5% in 2023. However, the GDP g
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