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IMF projects steady global growth at 3.2% through 2025

The International Monetary Fund (IMF) forecasts global economic growth to remain steady at 3.2% for 2024 and 2025, supported by robust U.S. economic performance. Despite this outlook, challenges persist including high inflation, sluggish demand in Europe and China, and geopolitical tensions affecting regions like the Middle East. The U.S. growth forecast for 2024 is raised due to strong employment and consumer spending, while Europe sees slower growth due to weak consumer sentiment in major economies. China faces continued challenges in its property sector. Emerging markets like Brazil and India show promising growth prospects. The IMF warns of risks from global tensions, which could affect oil prices and inflation, urging strategic measures to counter potential economic downturns.


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