IMF Cuts GDP Forecasts, Sees Global Economic Growth Weakest Since 1990

  • The IMF said that five years from now, global growth is expected to be around 3% — the lowest medium-term forecast in a World Economic Outlook for over 30 years.
  • In the short term, the fund expects global growth of 2.8% this year and 3% in 2024, slightly below the fund’s estimates published in January.
  • The IMF said that its baseline forecast “assumes that the recent financial sector stresses are contained.”
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