Posted 1/30/2024, 4:21:06 PM
IMF Cuts Pakistan Growth View, Upgrades Global Outlook Despite Persistent Inflation
- IMF downgrades Pakistan's 2024 growth estimate to 2% from previous 2.5%
- IMF raises 2024 global growth forecast to 3.1% citing resilience in major economies
- Inflation outlook unchanged at 5.8% globally in 2024, but advanced economies revised down while emerging economies revised up
- US and China 2024 growth forecasts upgraded on stronger than expected 2023 growth
- Euro area growth still subdued, with Germany set to be slowest growing G7 economy at 0.5% in 2024