The United States economy is growing more slowly than expected and inflation remains stubbornly high around the world, two developments that pose risks to the global economy, the International Monetary Fund said on Tuesday.
Global inflation is still expected to ease to 5.9 percent this year from 6.7 percent in 2023. But the I.M.F. noted that prices for services remained hot, potentially forcing longer periods of elevated borrowing costs.
The I.M.F. now expects the United States economy to grow more slowly than it did previously as a result of weaker consumer spending and a softening job market. The report forecast that U.S. economic growth would increase to 2.6 percent in 2024 from 2.5 percent in 2023.
Collection
[
|
...
]