The era of rip-roaring global growth — with rapidly rising prices to match — is over. Now the global economy is transitioning to a steady but slow state, according to the International Monetary Fund.
The International Monetary Fund boosted its 2024 global growth forecast to 3.2%, holding steady with 2023, compared with its previous outlook that expected 2.9% growth this year and 3.0% in 2023. In addition,