The Global Economy in a Sticky Spot - eviltoast
World Economic Outlook Update, July 2024: The Global Economy in a Sticky Spot
www.imf.org
Global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025. Services inflation is holding up progress on disinflation, which is complicating monetary policy normalization. Upside risks to inflation have thus increased, raising the prospect of higher for even longer interest rates, in the context of escalating trade tensions and increased policy uncertainty. The policy mix should thus be sequenced carefully to achieve price stability and replenish diminished buffers.

IMF Reports predicts Canada to have the largest growth in G7 for 2025:

  • Em Adespoton@lemmy.ca
    6·
    4 months ago

    Well, that’s a breath of fresh air after the Canadian economy took a preemptive beating compared to other G7 economies over the past few years. While the Liberal strategy didn’t prevent the economy tanking in the short term, at least it appears to have aided in at least a predicted earlier recovery.

  • SamuelRJankis@lemmy.worldOPEnglish
    4·
    4 months ago

    I want to be clear this isn’t in any shape or form a complement to the Liberals.

    Pure GDP outlooks isn’t necessarily going to be tied to higher quality of life for Canadian especially given why it’s growing, but this should show how far gone most Conservative dialogue for policies is.

    • girlfreddy@lemmy.ca
      2·
      4 months ago

      That’s only if people hear it and pay attention. But if the Cons and PP keep up their screaming it may just drown everything else out.