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 Government Says, Inflation in December Was Even Lower Than First Reported READ MORE Gold Trades at Record Highs, But Will It Lose Its Shine? READ MORE China's Economic Woes Lead to Record Gold Buying Spree READ MORE Potential Layoffs Ahead as Companies Brace for Interest RateHikes READ MORE Harmony Gold Announces Record Dividend as Profits Skyrocket READ MORE Add a Comment Cancel replyYour email address will not be published.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