IMF upgrades outlook for global economy ...Middle East

The International Monetary Fund (IMF) has upgraded the outlook for the world economy and said it is likely to escape a hard landing, noting resilient economic growth, particularly in the United States, and slowing inflation. The IMF said it expects the global economy to grow 3.1 percent in 2024, a tick up from the 2.9 percent that was predicted in October. “The clouds are beginning to part. The global economy begins the final descent toward a soft landing, with inflation declining steadily and growth holding up,” the IMF wrote in its report. “But the pace of expansion remains slow, and turbulence may lie ahead.” The IMF predicts that global inflation will decline to 4.9 percent

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