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.
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In mid-October, the IMF said it expected growth of 3% this year, close to its 2023 forecast, which the fund revised upwards regularly throughout 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.
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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