Global economic growth projected to slow amid high inflation, geopolitical tensions

IMF forecasts global growth slowing to 2.9% in 2024 from 3% in 2023 due to factors like rising interest rates.
Advanced economies like eurozone face weaker growth prospects compared to US and emerging markets.
China's growth outlook downgraded again by IMF due to property sector crisis and other issues.
War between Israel and Hamas poses new uncertainty and risks to fragile global economy and oil prices.
Inflation declining but still elevated in many countries; IMF advises against premature rate easing.