The International Monetary Fund (IMF) on Tuesday said that it has improved its forecast for global economic growth in the coming year. According to the News Agency of Nigeria (NAN), the IMF forecast, however, raised its expectations to 3.1 percent from an earlier forecast of 2.9 percent in October and expects growth of 3.2 percent in 2025. The IMF increased its 2024 growth forecast for the United States from 1.5 percent in October to 2.1 percent. The IMF took a dimmer view of prospects for Germany, lowering its growth forecast for Europe’s largest economy to just 0.5 percent for 2024. The IMF had forecast 2024 growth of 0.9 percent in Germany back in October.

Source: Nigerian Tribune January 31, 2024 13:53 UTC