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GLOBAL: IMF Global Outlook Little Changed But Trend Growth “Mediocre”

GLOBAL

The updated October IMF forecasts showed little change in global aggregates compared to its expectations in both April and July. Global growth is forecast at 3.2% in 2024 and 2025 with the latter revised down 0.1pp, to be in line with the series average. The IMF warns that the 5-year outlook is “mediocre” and that reforms remain “necessary” to lift it, while policy should “ensure a smooth landing” near-term.

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The updated October IMF forecasts showed little change in global aggregates compared to its expectations in both April and July. Global growth is forecast at 3.2% in 2024 and 2025 with the latter revised down 0.1pp, to be in line with the series average. The IMF warns that the 5-year outlook is “mediocre” and that reforms remain “necessary” to lift it, while policy should “ensure a smooth landing” near-term.

Global growth %

Keep reading...Show less