soft landing of the global economy in 2024

The International Monetary Fund (IMF) is predicting a soft landing for the global economy in 2024, the fund's communications director Julie Kozack said.

“Our view on the forecast is that we should be headed for a soft landing in the global economy. We expect resilience to continue, but a number of challenges remain,” Kozack said at a news conference in Washington.

The international institution is due to publish an update of its forecasts on the global economy at the end of the month.

In mid-October, the IMF said it expected growth of 3% this year, close to its 2023 forecast, which the fund revised upwards regularly during the year, thanks to a strong performance in global economic activity, particularly in the United States. states in the context of high inflation and rapidly increasing interest rates.

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The World Bank (WB) released its forecasts for the current year on Tuesday, predicting growth of 2.4%, the lowest since the 2008 financial crisis, if it materializes, barring a severe recession in 2020 caused by the COVID-19 pandemic. 19. pandemic.

The World Bank also signaled the risk of a “decade of missed opportunities” for the global economy, with average growth over the past five years the weakest since the early 1990s.

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