The IMF now expects the world economy to grow by 3.2 percent this year, up 0.1 percentage point from its previous forecast in January and by a further 3.2 percent in 2025, according to the latest World Economic Outlook (WEO) report.
Global headline inflation is expected to ease from 5.9 percent this year to 4.5 percent in 2025, supported by elevated interest rates in many countries.
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