IMF Downgrades Global Growth Forecast Amid Economic Turbulence

The International Monetary Fund (IMF) has recently revised its projections for global economic growth, highlighting an increasingly cautious outlook for the world economy. In a report published on October 25th, the IMF has lowered its forecast, anticipating growth of just 3.0% for 2024, compared to its earlier estimate of 3.2%. This revision underscores the challenges that economies across the globe are facing, encompassing various factors from geopolitical tensions to ongoing inflationary pressures.

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