NEW YORK -- The International Monetary Fund raised its global growth forecast for 2024, pointing to the better-than-expected performance of the U.S. and Chinese economies last year, as Asian emerging and developing markets remain the driving force.
Tuesday's update to the World Economic Outlook projects global growth to reach 3.1% in 2024, 0.2 percentage points higher than the previous forecast in October but unchanged compared with last year's growth. It also remains well below the pre-pandemic 20-year average of 3.8% annual growth.
