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The IMF expects the global economy to grow 2.9% this year and 3.1% in 2024

The IMF expects the global economy to grow 2.9% this year and 3.1% in 2024

The International Monetary Fund has revised growth forecasts for 2023 and 2024. As for world inflation, it expects it to decrease from 8.8% (2022) to 4.3% in 2024, but above pre-pandemic levels (3 ,5 %).

Euskaraz irakurri: Munduko ekonomia % 2.9 haziko da aurten eta % 3.1 datorren urtean, Nazioarteko Diru Funtsaren arabera

The International Monetary Fund (IMF) has increased its growth forecast by two tenths for 2023until the 2.9%and has lowered the estimate of 2024until the 3.1%. The international institution has warned that the expected expansion is below the historical average between 2000 and 2019 of 3.8%.

“The rise in interest rates by central banks to combat inflation and the Russian invasion of Ukraine continue to hinder economic activity,” explained the entity, for whom the recent reopening of China is good news “for a more faster than anticipated.” In any case, andhe IMF does not expect the world economy to enter a recession.

After the reopening of Chinathe Asian giant will grow 5.2% this year (eight tenths more than previously estimated), compared to 3% in 2022. Thus, the IMF estimates that the eurozone grow only 0.7% in 2023 (two tenths more than estimated in October) and 1.6% in 2024 (two tenths less). USA For its part, it will grow 1.4% in 2023 (four tenths more than previously estimated) and only 1% in 2024 (two tenths less). In addition, it has revised upwards projections for Russiawhich will grow 0.3% this year, when it previously anticipated a contraction of 2.3%, while in 2024 it will grow 2.1%, compared to the 1.5% projected in October.

Regarding the evolution of prices, the IMF foresees that the world inflation it will decrease from 8.8% corresponding to 2022 to 6.6% in 2023 and to 4.3% in 2024, levels even higher than those observed before the pandemic, when the inflation rate was around 3.5%.

“Even so, the disinflation process will take time,” warned the IMF, which warns that by 2024 the average levels of headline and core annual inflation will still be above pre-pandemic levels at 82% and 86% of the economies, respectively.

Source: Eitb

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