IMF's Brighter Global Outlook: U.S. Strength and China's Stimulus Lead the Charge The International Monetary Fund (IMF) has revised its global growth forecast for 2024 upwards, now predicting a 3.1% expansion, marking a 0.2 percentage point increase from previous estimates. This optimistic adjustment stems from the resilience demonstrated by the U.S. economy, alongside the effects of fiscal stimulus in China. Additionally, robust performances from major emerging market economies have contributed to this improved global economic outlook. Despite these positive developments, the report does caution about new risks, particularly to commodities and supply chains, arising from escalating volatility in the Middle East. However, a notable silver lining is the quicker-than-anticipated decline in global inflation rates, suggesting a more stable economic environment moving forward. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts How Productivity Gains Could Shape the Fed's Inflation Battle READ MORE July Sees Growth in Gold and Silver Stocks in London Vaults READ MORE Inflation Shows Signs of Cooling Off, But Concerns Remain High READ MORE The Declining Yen: A Look into Its Battle Against the Dollar READ MORE Oil prices little changed as OPEC sticks to demand and steady economic growth forecasts READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment