IMF's Brighter Global Outlook: U.S. Strength and China's Stimulus Lead the Charge The International Monetary Fund (IMF) has revised its global growth forecast for 2024 upwards, now predicting a 3.1% expansion, marking a 0.2 percentage point increase from previous estimates. This optimistic adjustment stems from the resilience demonstrated by the U.S. economy, alongside the effects of fiscal stimulus in China. Additionally, robust performances from major emerging market economies have contributed to this improved global economic outlook. Despite these positive developments, the report does caution about new risks, particularly to commodities and supply chains, arising from escalating volatility in the Middle East. However, a notable silver lining is the quicker-than-anticipated decline in global inflation rates, suggesting a more stable economic environment moving forward. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Iran’s currency hits a record low READ MORE The Scene of THE CRIME READ MORE China's Decisive Rate Cut Move READ MORE Inflation, Growth, and Labor Data Heat Up, But Wall Street Stays Skeptical READ MORE Moderate Inflation Easing Keeps Fed’s InterestRate Cuts on Hold READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment