{"id":37155,"date":"2024-10-22T14:21:41","date_gmt":"2024-10-22T14:21:41","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-projects-stable-yet-underwhelming-global-economic-growth"},"modified":"2024-10-22T15:04:39","modified_gmt":"2024-10-22T15:04:39","slug":"imf-projects-stable-yet-underwhelming-global-economic-growth","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-projects-stable-yet-underwhelming-global-economic-growth","title":{"rendered":"IMF projects \u2018stable yet underwhelming\u2019 global economic growth"},"content":{"rendered":"

Africa-Press – Eritrea. <\/strong><\/span>The International Monetary Fund projects global economic growth at a “stable yet underwhelming” rate of 3.2% for 2023 and 2024, according to its latest World Economic Outlook report released on Tuesday.<\/p>\n

Titled \u201cPolicy Pivot, Rising Threats,\u201d the report outlines the challenges hindering growth over the next five years, such as aging populations and low productivity. While inflationary pressures have eased in many regions, the IMF warns that high policy uncertainty continues to weigh down growth projections, advising countries to “brace for uncertain times.”<\/p>\n

Key global projections<\/b><\/p>\n

The report raised the US growth forecast for 2024 from 2.6% to 2.8%, with the 2025 projection also revised upward from 1.9% to 2.2%. However, Europe is facing a less optimistic outlook. The euro area\u2019s 2023 growth projection was downgraded from 0.9% to 0.8%, and 2024\u2019s estimate was cut from 1.5% to 1.2%.<\/p>\n

Germany, Europe\u2019s largest economy, saw its 2023 growth forecast cut to 0%, down from 0.2%, with next year\u2019s forecast also lowered from 1.3% to 0.8%. France’s 2024 projection increased slightly to 1.1%, though it was adjusted down from 1.3% for the following year.<\/p>\n

Spain’s 2023 growth forecast rose to 2.9%, with 2024 remaining steady at 2.1%. Italy’s projection for this year held at 0.7%, while next year\u2019s was revised down to 0.8%.<\/p>\n

In Japan, growth for 2023 was reduced to 0.3%, while next year\u2019s projection was increased to 1.1%. The UK’s growth forecast for 2024 was raised to 1.1%, with 2025 unchanged at 1.5%.<\/p>\n

Emerging and developing markets<\/b><\/p>\n

In emerging and developing Asia, China\u2019s 2023 growth estimate was lowered to 4.8% from 5%, while its 2024 projection remained at 4.5%. India\u2019s economic growth forecast was unchanged at 7% for this year and 6.5% for next year.<\/p>\n

Russia\u2019s 2024 growth forecast improved from 3.2% to 3.6%, though the following year\u2019s was cut from 1.5% to 1.3%.<\/p>\n

For More News And Analysis About Eritrea Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eritrea. The International Monetary Fund projects global economic growth at a “stable yet underwhelming” rate of 3.2% for 2023 and 2024, according to its latest World Economic Outlook report released on Tuesday. Titled \u201cPolicy Pivot, Rising Threats,\u201d the report outlines the challenges hindering growth over the next five years, such as aging populations […]<\/p>\n","protected":false},"author":84,"featured_media":37154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,994,1749],"class_list":["post-37155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-eritrea","tag-imf","tag-world-economic-outlook"],"yoast_head":"\nIMF projects \u2018stable yet underwhelming\u2019 global economic growth - Eritrea<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund projects global economic growth at a "stable yet underwhelming" rate of 3.2% for 2023 an ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-projects-stable-yet-underwhelming-global-economic-growth\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF projects \u2018stable yet underwhelming\u2019 global economic growth\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund projects global economic growth at a "stable yet underwhelming" rate of 3.2% for 2023 an ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-projects-stable-yet-underwhelming-global-economic-growth\" \/>\n<meta property=\"og:site_name\" content=\"Eritrea\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-22T14:21:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-22T15:04:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/10\/sm_1729596720.628326.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-projects-stable-yet-underwhelming-global-economic-growth#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-projects-stable-yet-underwhelming-global-economic-growth\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF projects \u2018stable yet underwhelming\u2019 global economic growth\",\"datePublished\":\"2024-10-22T14:21:41+00:00\",\"dateModified\":\"2024-10-22T15:04:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-projects-stable-yet-underwhelming-global-economic-growth\"},\"wordCount\":290,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-projects-stable-yet-underwhelming-global-economic-growth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/10\/sm_1729596720.628326.jpg\",\"keywords\":[\"Eritrea\",\"IMF\",\"World Economic Outlook\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-projects-stable-yet-underwhelming-global-economic-growth#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-projects-stable-yet-underwhelming-global-economic-growth\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/imf-projects-stable-yet-underwhelming-global-economic-growth\",\"name\":\"IMF projects \u2018stable yet underwhelming\u2019 global economic growth - 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