IMF Raises 2024 Global Forecast, India Continues To Remain In Bright Spot
NDTV
"It's not just a US story. There was a lot of resilience in many, many parts of the world in the last year and going into 2024," IMF chief economist Pierre-Olivier Gourinchas said, highlighting countries including China, Russia, Brazil and India.
The IMF announced Tuesday it has raised its 2024 global growth forecast to 3.1 per cent, citing unexpected "resilience" in major advanced and emerging market economies around the world.
The updated figure, released in the latest World Economic Outlook (WEO) report, is 0.2 percentage points higher than the International Monetary Fund's previous forecast in October.
"We had simultaneously less inflation and more growth," IMF chief economist Pierre-Olivier Gourinchas told reporters ahead of the report's publication.
