The International Monetary Fund said global economic growth is expected to rebound next year, though it would still remain below the 3.5% average recorded over the past two years. In its assessment, the IMF described the medium-term outlook as "mediocre," saying the boost from artificial intelligence is uneven across economies. The report also said the base of global growth is narrowing, with just 32 economies accounting for 95% of overall expansion. On inflation, the IMF expects the global rate to fall from 4.7% this year to 4.1% next year. The update was cited by ChainCatcher in a brief news item.
According to ChainCatcher, the International Monetary Fund expects global economic growth to rebound next year, although it would still come in below the 3.5% average seen over the past two years.
The IMF described the medium-term outlook as "mediocre," saying the gains from artificial intelligence are unevenly distributed. The report said the foundation of global growth is narrowing, with only 32 economies contributing 95% of overall expansion.
On inflation, the IMF expects the global rate to decline from 4.7% this year to 4.1% next year.
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