The key points are temporarily unavailable. You can still read the full Story below.
Main Points
The International Monetary Fund (IMF) released its World Economic Outlook report in October, raising its global growth forecast for 2024 to 3.1 % from 3.0 % and projecting 3.4 % growth for 2025. The report notes that the global economy remains resilient, but the distribution of growth is uneven and the ability of economies to adjust is narrowing in the short term. Global inflation is expected to rise to 4.7 % in 2026, driven largely by temporary increases in energy and food prices, before falling to 4.1 % in 2027. The IMF also projects that global trade volume growth will slow in 2026 but stabilize in 2027, with tariffs, supply‑chain adjustments and technology‑related trade continuing to shape the outlook. The report highlights risks to the outlook, including the possibility of a prolonged stalemate or escalation of tensions in the Middle East. Such a scenario could keep energy and food prices high, re‑ignite inflationary pressures, and strain fiscal and external balances, thereby dampening growth. Country‑specific forecasts are as follows: United States – 2.3 % growth in 2024, 2.2–2.3 % in 2025. Eurozone – 1.1 % growth in 2024, 1.2 % in 2025. Germany – 1.3 % growth in 2024, 1.1 % in 2025. France – 0.4 % growth in 2024, 0.7 % in 2025. Italy – 0.8 % growth in 2024, 0.6 % in 2025. Spain – 2.5 % growth in 2024, 1.8 % in 2025. United Kingdom – 1.3 % growth in 2024, 1.2 % in 2025. Canada – 1.1 % growth in 2024, 1.7 % in 2025. Japan – 0.7 % growth in 2024, 0.7 % in 2025. China – 4.5 % growth in 2024, 4.0 % in 2025. India – 7.0 % growth in 2024, 7.0 % in 2025. Russia – 0.9 % growth in 2025 (down from 1.1 % in 2024). Turkey is forecast to grow 2.7 % in 2024 and 3.6 % in 2025. The IMF projects end‑of‑year inflation for Turkey at 31.2 % in 2026 and 26.5 % in 2027. In July, the IMF had projected 2.9 % growth for 2026 and 3.6 % for 2027. The IMF also noted that artificial‑intelligence investments are driving a technology cycle that supports demand, and that the first half of 2026’s economic activity in the Middle East has performed better than expected despite ongoing conflicts and trade tensions. Article and image source: Haberler
The International Monetary Fund (IMF) released its World Economic Outlook report in October, raising its global growth forecast for 2024 to 3.1 % from 3.0 % and projecting 3.4 % growth for 2025. The report notes that the global economy remains resilient, but the distribution of growth is uneven and the ability of economies to adjust is narrowing in the short term. Global inflation is expected to rise to 4.7 % in 2026, driven largely by temporary increases in energy and food prices, before falling to 4.1 % in 2027. The IMF also projects that global trade volume growth will slow in 2026 but stabilize in 2027, with tariffs, supply‑chain adjustments and technology‑related trade continuing to shape the outlook. The report highlights risks to the outlook, including the possibility of a prolonged stalemate or escalation of tensions in the Middle East. Such a scenario could keep energy and food prices high, re‑ignite inflationary pressures, and strain fiscal and external balances, thereby dampening growth. Country‑specific forecasts are as follows: United States – 2.3 % growth in 2024, 2.2–2.3 % in 2025. Eurozone – 1.1 % growth in 2024, 1.2 % in 2025. Germany – 1.3 % growth in 2024, 1.1 % in 2025. France – 0.4 % growth in 2024, 0.7 % in 2025. Italy – 0.8 % growth in 2024, 0.6 % in 2025. Spain – 2.5 % growth in 2024, 1.8 % in 2025. United Kingdom – 1.3 % growth in 2024, 1.2 % in 2025. Canada – 1.1 % growth in 2024, 1.7 % in 2025. Japan – 0.7 % growth in 2024, 0.7 % in 2025. China – 4.5 % growth in 2024, 4.0 % in 2025. India – 7.0 % growth in 2024, 7.0 % in 2025. Russia – 0.9 % growth in 2025 (down from 1.1 % in 2024). Turkey is forecast to grow 2.7 % in 2024 and 3.6 % in 2025. The IMF projects end‑of‑year inflation for Turkey at 31.2 % in 2026 and 26.5 % in 2027. In July, the IMF had projected 2.9 % growth for 2026 and 3.6 % for 2027. The IMF also noted that artificial‑intelligence investments are driving a technology cycle that supports demand, and that the first half of 2026’s economic activity in the Middle East has performed better than expected despite ongoing conflicts and trade tensions.
News Desk is the editorial publishing account for Tringlobe Media News, covering breaking news, public affairs, entertainment, community developments and regional stories across Trinidad and Tobago, the Caribbean and internationally.
