IMF lifts global economic outlook, but inflation a dragAP, WASHINGTONGlobal growth would see a slight improvement compared with previous IMF projections, but “many challenges still cloud the horizon, and it is too early to celebrate,” the organization’s chief economist said on Tuesday. IMF economist Pierre-Olivier Gourinchas gave his assessment as the organization projected that global economic growth would slow to 3 percent this year and next year, down from 3.5 percent last year. IMF research director Pierre-Olivier Gourinchas speaks at a news conference during the World Bank/IMF Spring Meetings at the IMF headquarters in Washington on April 11. The IMF lifted its outlook for US growth this year to 1.8 percent, up 0.2 percentage points from April, but expects it to slip to 1 percent next year. The IMF’s growth forecast for China was unchanged at 5.2 percent this year, while India’s growth prospects would rise to 6.1 percent, up 0.2 percentage points from April.

Source: Taipei Times July 26, 2023 17:02 UTC