MARRAKECH, Morocco, Oct 10 (Reuters) – The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said overall global growth remained low and uneven despite what it called the “remarkable strength” of the U.S. economy.

In its latest World Economic Outlook, the IMF left its forecast for global real GDP growth in 2023 unchanged at 3.0% but cut its 2024 forecast to 2.9% from its July forecast of 3.0%. World output grew 3.5% in 2022.

IMF chief economist Pierre-Olivier Gourinchas said the global economy continued to recover from COVID-19, Russia’s invasion of Ukraine and last year’s energy crisis, but that diverging growth trends meant “mediocre” medium-term prospects.

Gourinchas said the forecasts generally pointed to a soft landing, but the IMF remained concerned about risks related to China’s property crisis, volatile commodity prices, geopolitical fragmentation and a resurgence in inflation.

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