The IMF’s latest World Economic Outlook (WEO) projects 2024 and 2025 world growth at 3.2 per cent—virtually unchanged from those in both the July WEO Update and the April WEO.
The 3.1-per cent forecast five years from now is mediocre compared to the pre-pandemic average.
Global headline inflation may fall from a 6.7-per cent annual average in 2023 to 5.8 per cent in 2024 and 4.3 per cent in 2025.