GLOBAL GROWTH
10/24/2024 |
The IMF expects 2024/25 global growth to be 3.2%, down from 3.3% in 2023, and well down from the 3.8%/year it averaged between 2000-2019. It sees U.S. growth at 2.8% this year, and in 2025, it forecasts U.S. growth of 2.2% as it sees the deficit shrinking. However, advanced economies, which include the U.S., are expected to collectively see 2024/25 growth of just 1.8%. U.S. economic growth is tops!