The International Monetary Fund (IMF) has released its latest World Economic Outlook (WEO) report, forecasting that global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025.
The IMF also projects that global inflation will continue to decrease, reaching 5.8 percent this year, before falling further to 4.3 percent in 2025.
In a recent interview with AFP, IMF Chief Economist Pierre-Olivier Gourinchas stated:
“We are seeing inflation moving in the right direction without a major slowdown in economic growth or a global recession.”
“In our baseline analysis, in advanced economies, inflation will be back at central bank targets in 2025,” he continued, adding that it would take “a little bit longer” for emerging markets.
