Wednesday, May 29, 2024

IMF..


The IMF said it had revised up both its 2024 and 2025 GDP targets by 0.4 percentage points but warned that growth in China would slow to 3.3% by 2029 due to an ageing population and slower expansion in productivity. It now expects China's economy to grow 5% in 2024 and  to slow to 4.5% in 2025. 
 On the other side...   
  The US economy’s standout performance will be a major driver of global growth this year but could make America’s inflation problem harder to solve, according to the International Monetary Fund.

The IMF upgraded Tuesday its forecast for US economic growth to 2.7% this year — 0.6 percentage points higher than it predicted as recently as January.

The move highlights how the United States is outpacing other advanced economiesnotably the European economy, which has struggled to regain momentum after the pandemic, with high interest rates and the lingering effects of earlier rises in energy costs weighing on activity.

The Washington-based IMF expects the 20 countries that use the Euro to grow just 0.8% this year, a downgrade of 0.1 percentage points from its January forecast.

With that the Euro zone, all, are involved in sanctions, support of war and no one is trying to discuss the results and try to improve.  Just a thought.

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