The IMF has released its latest World Economic Outlook noting that the global economy remains remarkably resilient, with steady growth and inflation slowing almost as quickly as it rose. Global growth this year and next is projected to hold steady at 3.2% with median headline inflation declining from 2.8% at the end of 2024 to 2.4% at the end of 2025.
Formerly known as UNCTAD, the rebranded organisation’s latest Trade and Development Report Update forecasts global economic growth slowing to 2.6% in 2024. This growth rate signifies the third consecutive year of growth below the pre-pandemic average for 2015 to 2019 of 3.2%.