HONG KONG -- Inflation is falling globally while growth remains steady, the International Monetary Fund said in an economic outlook update on Tuesday, attributing the development to a stronger-than-expected performance in the U.S. despite slowdowns in China and Japan.
The IMF projects annual global growth will reach 3.2% in 2024, unchanged from its previous forecasts in July and April, a sign of resilience despite years of disruption to global supply chains. The decline in inflation worldwide is helping to keep growth momentum steady, with headline inflation projected to slow to 3.5% by the end of 2025, below the average of 3.6% between 2000 and 2019, the Washington-based institution said.
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