In its new World Economic Outlook (WEO) report, the IMF also estimates that global inflation will continue to ease, hitting 5.8 percent in 2024 before falling to 4.3 percent in 2025.
"We are seeing inflation moving in the right direction without a major slowdown in economic growth or a global recession," IMF chief economist Pierre-Olivier Gourinchas told AFP in an interview ahead of the report's publication.
"In our baseline analysis, in advanced economies (inflation) will be back at central bank targets in 2025," he continued, adding that it would take "a little bit longer" for emerging markets.
The fund's WEO report noted that global growth is expected to trend to a lackluster 3.1 percent by 2029, and warned of growing risks to that metric.
Beneath the relatively calm outlook for growth through 2025, "the picture is far from monolithic", the fund said, warning of "important sectoral and regional shifts" taking place over the past six months.
Denne historien er fra October 24, 2024-utgaven av The Straits Times.
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Denne historien er fra October 24, 2024-utgaven av The Straits Times.
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