Global growth likely to be stronger than expected this year, IMF

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*▪️Global growth likely to be stronger than expected this year, IMF*

Washington A F P Global growth is likely to be stronger than expected this year, the IMF says, but the coming year could represent a turning point with still tough, deflated inflation. Is. The IMF raised its forecast on surprisingly strong consumption and investment, saying global growth is likely to be stronger than expected this year, while China's lifting of zero Covi restrictions would provide another boost. Is. Russia's invasion of Ukraine last year, an economic downturn and efforts to rein in rising living costs have weighed on global growth. Against this backdrop, the International Monetary Fund expects the global economy to grow 2.9 percent this year, slowing from 2022 to a rate that is weak by historical standards. The IMF said in the latest update of its World Economic Outlook report that "downside risks have moderated" since last October's forecast. IMF Chief Economist Pierre

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