IMF Raises Global Growth Forecast Amid High Inflation: 5 Picks

On Apr 16, the International Monetary Fund raised its global growth forecast for 2023 to 3.2% from 3.1% in January. More importantly, the agency projected that global growth will remain static at 3.2% in both 2024 and 2025 despite elevated inflation and geopolitical uncertainties.The IMF projected that the global headline inflation will decline gradually from 6.8% in 2023 to 5.9% in 2024 and 4.5% in 2025. However, the average global growth rate for the next five years will be 3.1%, marking the lowest medium ...