IMF: this year’s outlook for the world economy has improved minimally

By: Trademagazin Date: 2024. 04. 16. 12:13

According to the International Monetary Fund (IMF), overall, this year’s outlook for the world economy has improved minimally since the organization’s previous forecast in January.

According to the revised World Economic Outlook (WEO) forecast of the IMF presented on Tuesday, this year the gross domestic product (GDP) calculated for the world as a whole will grow by 3.2 percent compared to the 3.1 percent expected in January, next year’s GDP growth will still be 3 .2 percent, the organization expects. Last year, the world economy grew by 3.2 percent.

Compared to its estimate of 1.5 percent in January, the currency fund improved its expectation for this year’s growth in developed countries to 1.7 percent, while keeping next year’s figure at 1.8 percent. The gross domestic product of the country group increased by 1.6 percent last year.

After last year’s GDP growth of 0.4 percent in the euro zone, the IMF expects an expansion of 0.8 percent this year, 0.1 percentage point lower than indicated in the January forecast, and 1.5 percent in 2025 instead of the 1.7 percent estimated at the beginning of the year.

The IMF lowered Germany’s growth forecast for this year by 0.3 percentage points to 0.2 percent, and for next year by 0.3 percentage points to 1.3 percent. German GDP decreased by 0.3 percent last year.

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