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” global economy on Tuesday despite it showing resilience against big shocks like the Covid-19 pandemic, cost of living and energy crises, soaring inflation and Russia’s war in Ukraine, a report that comes on the heels of new war after Hamas launched an attack on Israel over the weekend.Global economic growth is expected to slow to 2.9% in 2024, according to the IMF’s latest World Economic OutlookThe figure, down from growth of 3.
5 percentage points from July. Gourinchas said a “soft landing” is considered more likely here, with inflation likely being tackled without precipitating a major downturn. Unemployment forecasts for the U.S. are now increasing by a “modest” 3.6% and 3.9% by 2025, the IMF said.Gourinchas highlights China’s looming real estate crisis, severe banking instability and volatile commodity prices amid “climate and geopolitical shocks” as serious risks to efforts to curb inflation.
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IMF says global economy 'limping along,' cuts growth forecast for China, euro areaIMF says global economy 'limping along,' cuts growth forecast for China, euro area
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IMF says global economy 'limping along,' cuts growth forecast for China, euro areaThe International Monetary Fund on Tuesday cut its growth forecasts for China and the euro area and said overall global growth remained low and uneven despite what it called the 'remarkable strength' of the U.S. economy.
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IMF says the global economy is limping alongSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
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IMF outlook worsens for a world economy left 'limping' by shocks like Russia's warThe International Monetary Fund warns that the world economy is losing momentum in the face of higher interest rates, the ongoing war in Ukraine and widening geopolitical rifts.
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IMF outlook worsens for a world economy left 'limping' by shocks like Russia's warThe International Monetary Fund warns that the world economy is losing momentum in the face of higher interest rates, the ongoing war in Ukraine and widening geopolitical rifts.
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IMF outlook worsens for a world economy left 'limping' by shocks like Russia's warThe International Monetary Fund warns that the world economy is losing momentum in the face of higher interest rates, the ongoing war in Ukraine and widening geopolitical rifts
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