Economics
IMF upgrades global growth forecast, but eurozone gets a cut
The International Monetary Fund raised its forecast for global growth, but dropped its expectations for the euro area in its latest update
The International Monetary Fund raised its forecast for global growth this year on better-than-expected expansion in the US and fiscal stimulus in China but the euro area’s growth expectation was chopped due to the impact of the Ukraine war.
The world economy will grow 3.1 per cent this year, up from 2.9 per cent seen in October, the Washington-based institution said in its quarterly World Economic Outlook on Tuesday. The fund kept its 2025 forecast ...