2024 global GDP unchanged from April at 3.2%2025 boosted to 3.3% from 3.2%US GDP 2024 forecast cut to 2.6% from 2.7%, 2025 forecast unchanged at 1.9%China 2024 forecast raised to 5.0% from 4.6% China 2025 forecast raised to 4.5% from 4.1%Eurozone 2024 raised to +0.9% from +0.8%, 2025 unchanged at 1.5%Japan 2024 forecast lowered to +0.7% from +0.9%IMF says global disinflation momentum is slowing with higher inflation in services prices, brisk nominal wage growthIMF chief economist says China needs to restore household confidence, resolve property crisis to boost domestic consumption This article was written by Adam Button at www.forexlive.com.
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