The fund revised its forecast in April, increasing them to the current range for the global economy from 3.1%.
The predicted 3.3% annual growth rate for the world economy has been raised by 0.1 percentage points. – Up to 3.3%.
The prediction for global inflation in 2024 was held at 5.9%, but it was reduced by 0.1 percentage points to 4.4% in 2025. The Fund increased its estimates of inflation in advanced economies in 2024 from 2.6% to 2.7% and in 2025 from 2% to 2.1%. The prediction for developing and emerging markets was cut, first by 0.2 percentage points in 2025 to 6%, and then by 0.1 percentage points, to 8.2%, this year. The projected growth in global trade volume for 2024–2025 has been increased by 0.1 percentage points, to 3.1% and 3.4%, respectively.
The IMF projects that the average price of oil would rise by 0.8% in 2024 to $81.26/b (prior estimate: $78.61/b), up from the 2.5% fall that was previously predicted, then decline by 6% to $76.38/b (previous estimate: $73.68/b) in 2025.
The Fund increased the growth estimate for the economies of emerging and developing nations to 4.3% annually in 2024–2025 by 0.1 percentage points. The forecast for developed economies’ growth stayed the same, coming in at 1.7% this year and 1.8% the following.
source: imf.org
