(3 Minutes Read)
The International Monetary Fund (IMF) predicts a soft-landing scenario in 2024 for the global economy while warning that leaders should be preparing for future shocks and challenges, alluding that the year ahead would continue to experience some shocks
The International Monetary Fund (IMF) predicts a soft-landing scenario in 2024 for the global economy while warning that leaders should be preparing for future shocks and challenges, alluding that the year ahead would continue to experience some shocks.
Julie Kozack, the spokesperson for IMF while addressing the media in Washington recently said that the global economy was in a resilient mode for 2024, while pointing out that global inflation was coming down and was hovering around 3%, which was lower than the global growth rate of 3.8%. He stressed that efforts should be made to lift global growth to power the economy.
The IMF has projected Africa to be the second-fastest-growing economic region in the world. To focus on the growth of Africa, the fund officials are meeting with representatives from various countries. For instance, recently IMF officials completed the third round of review with Mozambique to decide on an immediate release of funds to that country amounting to US$ 60.7 million. Similarly, the IMF team is also in discussion with the Egyptian authorities. The IMF is discussing economic reforms in Egypt and how the country can be bailed out from the debt crisis.
Read Also:
https://trendsnafrica.com/imf-and-u-s-treasury-contemplates-expanding-egypts-loan/
https://trendsnafrica.com/imf-disburses-another-tranche-of-loan-to-mozambique/
The IMF spokesperson revealed that the Fund would update its global growth forecast and unveil the World Economic Outlook report in Johannesburg on January 30.
