WASHINGTON, Jan. 30 (Xinhua) -- The International Monetary Fund (IMF) released an update to its World Economic Outlook report on the 30th, raising its global economic growth forecast for 2024 to 31%, 0. higher than the value in October last year2 percentage points, and said it reflected an upward revision of growth forecasts for China, the United States, and some large emerging markets and developing countries.
Pierre-Olivier Gurancha, chief economist of the International Monetary Organization, said at a press conference in Johannesburg, South Africa, on the same day that the global economy continues to show "impressive" resilience, with inflation falling steadily, growth remaining firm, and the likelihood of a "soft landing" increasing, but the pace of economic expansion remains slow.
Specifically, the economic growth of advanced economies in 2024 will be 15%。Among them, the U.S. economic growth in 2024 will be 21%, up 06 percentage points; The Eurozone's economic growth in 2024** will be 09%, down 03 percentage points. Emerging market and developing economies will have a 2024 economic growth of 41%。
The report predicts global economic growth of 32%, the same as before**. The report notes that some measures by central banks, such as raising policy rates to fight inflation, are dragging down economic growth, and combined with subdued underlying productivity growth, economic growth** in 2024-2025 is lower than between 2000 and 2019.38% average.
The report notes that inflation has fallen faster than expected in most regions against the backdrop of easing supply-side issues and restrictive monetary policy. However, Guransha warned that heightened geopolitical tensions in the Middle East and continued tensions in the Red Sea could disrupt commodities and ** chains, posing upside risks to global inflation. (ENDS).