REUTERS/Kaylee Greenlee Beal/File PhotoThe International Monetary Fund will forecast steady global growth and continuing disinflation when it releases an updated World Economic Outlook on Jan. 17, IMF Managing Director Kristalina Georgieva told reporters on Friday. Overall, interest rates were expected to stay "somewhat higher for quite some time," she said. The IMF will release an update to its global outlook on Jan 17, just days before Trump takes office. At the time, it left its forecast for 2024 global growth unchanged at the 3.2% projected in July, and lowered its global forecast for 3.2% growth in 2025 by one-tenth of a percentage point, warning that global medium-term growth would fade to 3.1% in five years, well below its pre-pandemic trend. Georgieva said it was "very unusual" that this uncertainty was expressed in higher long-term interest rates even though short-term interest rates had gone down, a trend not seen in recent history.

Source: bd News24 January 11, 2025 03:49 UTC