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International Business Times
International Business Times
World
Daniel AVIS

IMF Lifts Global Growth Forecast Citing Unexpected 'Resilience'

International Monetary Fund PierreOlivier Gourinchas China Inflation United States Economy G7
The International Monetary Fund expects global growth to hit 3.1 percent this year (Credit: AFP)

The IMF announced Tuesday it has raised its 2024 global growth forecast to 3.1 percent, citing unexpected resilience in major advanced and emerging market economies around the world, including the United States and China.

The updated figure, released in the latest World Economic Outlook (WEO) report, is 0.2 percentage points higher than the International Monetary Fund's previous forecast in October.

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