UNDER EMBARGO: STRICTLY CONFIDENTIAL UNTIL RELEASED on Tuesday, January 30, 2024, at 3:00 PM in Johannesburg, South Africa / 8:00 AM in Washington, DC
The global economy begins the final descent toward a soft landing, with inflation declining steadily and growth holding up, announced the IMF’s Chief Economist, Pierre Olivier-Gourinchas in a press briefing today, January 30, in Johannesburg. But the pace of expansion remains slow, and turbulence may lie ahead.
“The global economy has been surprisingly resilient, with growth now projected at 3.1% in 2024 and 3.2% in 2025. For 2024, the slight upgrade from our October projections is largely due to resilience in the United States and several large emerging markets and developing economies, coupled with more fiscal support in China. However, this forecast remains well below the 2000-2019 average…
