IMF lifts global growth forecast citing unexpected 'resilience'

The IMF has raised its 2024 global growth forecast to 3.1%, citing unexpected resilience in major economies. The inflation outlook shifted, with advanced economies expected to have 2.6% inflation in 2024, while emerging and developing economies are predicted to reach 8.1% inflation. The US and China saw upgraded growth outlooks, and India is expected to grow by 6.5%.