The International Monetary Fund (IMF) has released a new report predicting that global economic growth will remain strong. According to Yahoo Finance reporter Jennifer Schonberger, the IMF expects the world economy to grow by 3.2% in 2024, which is the same as last year’s growth rate. While there is a low likelihood of a global recession this year, with only a 10% chance, inflation is expected to continue decreasing due to several factors including falling core inflation rates, higher interest rates, weakening job markets and relief from elevated energy prices.
However, Schonberger notes that this forecast was made before Iran’s recent air attack on Israel, which could have an impact on global economic stability. Inflation is predicted to lead to central banks cutting interest rates in the latter half of the year. The report suggests that the Federal Reserve may lower rates three times by the end of 2024. For more information and analysis on this topic and other market updates, viewers can watch the full episode of Yahoo Finance.
The author of this article is Gabriel Roy.
