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World Economic Outlook 2024
October 28 , 2024
17 hrs 0 min
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- The latest World Economic Outlook is released by the International Monetary Fund (IMF).
- The IMF expects the US economy the world's largest to expand 2.8 per cent this year.
- It is slightly down from 2.9 per cent in 2023 but an improvement on the 2.6 per cent it had forecast for 2024 back in July.
- The 20 European countries that share the euro currency are collectively expected to eke out 0.8 per cent growth this year.
- The German economy isn't expected to grow at all this year.
- Worldwide inflation has been cooling from 6.7 per cent in 2023 to a forecast 5.8 per cent this year and 4.3 per cent in 2025.
- India's economy is expected to 7 per cent this year and 6.5 per cent in 2025.
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