The International Monetary Fund (IMF) has revised its economic projections for various countries, with upgrades for China, India, and Europe, while slightly lowering expectations for the United States and Japan. The IMF noted that global progress against rising prices has been hindered by persistent inflation in services such as airline travel and restaurant meals.
Despite these challenges, the IMF maintains its forecast for lackluster global economic growth of 3.2% for this year, unchanged from its previous estimate in April. This figure represents a slight decline from the 3.3% growth seen in 2023, before the onset of the pandemic.
