IMF global economic outlook sees slight growth, but inflation still a drag

By FATIMA HUSSEIN
Associated Press

WASHINGTON (AP) — The International Monetary Fund is projecting that global economic growth will see a slight improvement compared to its previous projections but cautions that many challenges still cloud the horizon. The IMF on Tuesday released its latest World Economic Outlook. The report projects that global economic growth will slow to an estimated 3% in 2023 and 2024. That’s down from 3.5% in 2022. The latest projection reflects a 0.2% increase from the organization’s April projections. The IMF said that despite the slight improvement, global growth remains weak by historical standards.