World Economic Outlook (WEO) October 2024

The International Monetary Fund (IMF) released its World Economic Outlook (WEO) in October 2024, providing biannual global economic assessments with the objective of projecting economic growth, inflation trends, and financial stability insights for countries and regions.

Key Findings

  • Global growth is projected to remain steady at 3.2% in 2024 and 2025, signaling a stabilized post-pandemic recovery phase.
  • U.S. economy is expected to grow by 2.8% in 2024 and 2.2% in 2025, while China’s growth is projected at 4.8% in 2024 and 4.5% in 2025.
  • Goods prices remain higher than services due to the pandemic, with a global shift toward services consumption expected.
  • The ....
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