IMF Raises India’s 2025 GDP Growth Forecast by 30 bps to 6.8 Percent
The International Monetary Fund on April 16 raised India’s FY25 GDP growth forecast by 30 bps to 6.8%.
The International Monetary Fund on April 16 raised India’s FY25 GDP growth forecast by 30 bps to 6.8%.
The global economy is set for another year of slow but steady growth, the IMF said on April 16, with US strength pushing world output through headwinds from lingering high inflation, weak demand in China and Europe, and spillovers from two regional wars.
The IMF forecast global real GDP growth of 3.2% for 2024 and 2025 - the same rate as in 2023. The 2024 forecast was revised upward by 0.1 percentage point from the previous World Economic Outlook's estimate in January, largely due to a significant upward revision in the U.S. outlook.
Inflation is falling, but progress in bringing it back to central bank targets has slowed in recent months, Gourinchas said, noting that recent U.S. data shows robust demand.
As U.S. Debt Soars past $34 Trillion, Congress has Killed Off its Plan to Tackle the Crisis
The then newly elected House of Representatives’ speaker said in October to establish a bipartisan commission to tackle the federal government’s growing $34.6 trillion in debt.
Meet the Newest Artificial Intelligence (AI) Stock in the S&P 500. It Soared 1,700% in 2 Years, and Wall Street Says the Stock Is Still a Buy
Shares of Super Micro Computer skyrocketed 1,700% over the last two years, and the company was recently added to the S&P 500 Index.
US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes
U.S. economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run of strong demand and muted price pressures that had fueled optimism for a soft landing.
