The global economy is certainly in motion, but according to the latest report from the International Monetary Fund (IMF), it's pacing itself rather than sprinting into the future—even in the midst of an Olympic year.
The IMF released its latest forecast on Tuesday, projecting a 3.2 percent increase in global economic output for 2024. Interestingly, this mirrors the growth observed in the previous year, suggesting a steady, albeit slower, progression.
Looking ahead, the IMF maintains the same 3.2 percent growth forecast for 2025, indicating a period of sustained moderation.
This projection marks a notable decrease compared to the average annual GDP growth of just under 4 percent that the global economy enjoyed between 2000 and 2019.
For young global citizens and business enthusiasts, this tempered growth rate may signal a landscape of cautious optimism—highlighting opportunities in emerging markets and encouraging innovative approaches amidst a more measured economic momentum.
Reference(s):
cgtn.com
