Posted on 04/17/2024 9:23:16 AM PDT by SeekAndFind
The International Monetary Fund boosted its 2024 global growth forecast to 3.2%, holding steady with 2023, compared with its previous outlook that expected 2.9% growth this year and 3.0% in 2023. In addition, headline inflation is projected to drop to 2.8% at the end of 2024 then to 2.4% at the end of 2025.
"Most indicators continue to point to a soft landing," the IMF said in its April 2024 World Economic Outlook Report. "We also project less economic scarring from the crises of the past four years, although estimates vary across countries."
The U.S. economy has overtaken its pre-pandemic trend; however, the IMF now estimates more scarring for low-income developing countries, "many of which are still struggling to turn the page from the pandemic and cost-of-living crises."
U.S. real GDP is expected to rise 2.7% in 2024, an upward revision from the 1.5% growth expected in IMF's October World Economic Outlook Report, from 2.5% in 2023, which was adjusted from 2.1% in the previous report.
Growth in China, the world's second-largest economy, is expected to be 4.6% this year, up from the 4.2% projection in October. The country's 2023 real GDP growth was pegged at 5.2% vs. the IMF's prior outlook for 5.0% growth.
Meanwhile, the IMF expects euro area real GDP growth of 0.8% in 2024, down from the 1.2% projection in October. 2023 growth of 0.4% came in lower than the earlier 0.7% estimate.
Growth in low-income developing countries is expected to be 4.7% in 2024, less than the 5.1% the IMF projected in October, and rising from 4.0% in 2023, which was unchanged from the IMF's earlier estimate.
Growth in Latin America and the Caribbean is projected at 2.0%, down from the October estimate of 2.3%. That's also down from the 2023 growth of 2.3%,
(Excerpt) Read more at seekingalpha.com ...
Lies...all lies...
We're in a global recession that is accomplishing the largest transfer of wealth in human history.
“The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany.“
One must note, the Russian projection for military spending in 2024 is only $71B! What percentage of NATO growth results in the $1.5T we’ll spend on our military?
Well neck yeah. We must all be doing great. We can obviously handle the increase in prices of EVERYTHING or the prices wouldn’t go up so fast. Right? Hello? Bueller!
These morons actually believe that saying it makes it so. Nobody but NOBODY thinks the US economy is powering anywhere.
As long as people think past and present inflation means the economy isn’t really growing and strong they will stay confused about the situation. Most people suffer during/after high inflation regardless of the state of the economy. Only those of us with the resources and knowledge to outrun inflation are prospering or staying even now.
"The high and rising level of US government debt risks driving up borrowing costs around the world and undermining global financial stability, the International Monetary Fund has warned."
LOL...what to believe ?
None of it.
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