IMF Projects Slightly Stronger Global Growth in 2024

Despite a slight increase, growth remains below historical averages amid rising debts and geopolitical tensions.

IMF Managing Director Kristalina Georgieva forecasts global growth around 3% for 2024, slightly above previous projections but still below the historical average of 3.8%.
Strong economic performance in the U.S. and emerging markets cited as key drivers of the modest growth improvement.
Georgieva warns of 'the Tepid Twenties,' a potential decade of sluggish global performance without significant policy changes.
Global public debt and a slowdown in productivity pose major challenges to sustained economic recovery.
Upcoming IMF-World Bank spring meetings to address critical global economic issues, including the impact of conflicts like Russia's invasion of Ukraine and the Gaza conflict.