IMF bumps 2024 global growth forecast to +3.1% from +2.9% ...Middle East

Lowers 2025 inflation to 4.4% vs 4.6% priorGrowth still slower than historical average of 3.8%, reflecting high interest rates and sluggish productivity growthIMF concerned that increased trade frictions, geo-economic fragmentation could weigh on global growthSees 2024 US GDP growth of 2.1% vs 1.5% in OctoberSees German GDP growth of 0.5% vs 0.9% in October, sees 2025 German growth of 1.6% vs 2.0%Lifts China 2024 GDP growth to 4.6% vs 4.2% in OctSees eurozone 2024 GDP at 0.9% vs 1.2% in OctExpects Fed, ECB and BOE to keep rates at current levels until H2Europe is a perpetual disappointment. This article was written by Adam Button at www.forexlive.com.

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