IMF Sees Growth Edging Higher But Still Warns of ‘Tepid Twenties’
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The International Monetary Fund (IMF) hinted it will nudge its global growth forecasts slightly higher, with an expansion of 3.1% this year and 3.2% in 2025. However, the IMF warns that the world economy still risks a 'Tepid Twenties' this decade if inflation and debt challenges aren't addressed. The IMF chief, Kristalina Georgieva, called on central banks to avoid premature or delayed monetary easing and for countries to bring their debt to sustainable levels and pursue policies to boost productivity growth. Georgieva also highlighted the need for caution in industrial policy actions and warned of a growing divergence within and across country groups, with the US economy rebounding strongly while Europe has a more gradual recovery. The IMF's spring meetings will be held jointly with the World Bank in Washington next week.
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