The IMF’s latest World Economic Outlook (WEO) projects global growth at 3.2% for 2024, while lowering the 2025 forecast slightly
The IMF reports that inflation is largely under control, and central banks are now cutting policy rates, easing financial conditions to boost global economic activity
Stabilising public debt remains a key challenge, as rising deficits in the US and China pose risks of market disruptions, warns the IMF, urging timely fiscal adjustments
China’s property market woes pose a potential downside risk for the global economy.
A deeper crisis could trigger a spillover effect, leading to broader economic disruptions both within China and globally
Geopolitical tensions, especially in West Asia, are emerging as the most immediate risk.
Any escalation could disrupt supply chains and push up global commodity prices, creating further economic challenges
India's growth remains stable at 7% for 2024, but with global risks ahead, it must build fiscal buffers and ensure policy clarity to manage future shocks and maintain resilience