Global growth will remain stable at 3.2% in 2024 and 3.3% in 2025 according to the International Monetary Fund’s July 2024 “World Economic Outlook” report, subtitled “The Global Economy in a Sticky Spot.”
The IMF updates its economic outlook twice yearly using a “bottom-up” approach, starting with individual countries and then aggregating into overall global projections.
Per the IMF, growth in the United States will fall from 2.6% in 2024 to 1.9% in 2025, reflecting a slower-than-expected start to the year. The euro region will pick up from 0.5% in 2023 to 0.9% in 2024 and rise to 1.5% in 2025.
–
The IMF projects growth in advanced economies to remain unchanged at 1.7% in 2024 and rise slightly to 1.8% in 2025.
–
Meanwhile, according to IMF estimates, growth in emerging markets and developing economies will decline marginally from 4.4% in 2023 to 4.3% in 2024 and 2025.
–
Per the IMF, the global consumer inflation rate, including food and energy, will fall from 6.7% in 2023 to 5.9% in 2024 and 4.4% in 2025.
9 Books to Strengthen Cybersecurity
Perplexity Shopping Tests Ecommerce SMBs
How to Audit HTML Headings on Any Page
Holiday 2024 Marketing Campaigns from Top Brands
Supply.co Founder on Life after the Sale
Wallet Passes Are a Mobile Marketing Channel
Drive More ROI from Meta and Google Ads
