Imf 2024 World Economic Outlook. Services inflation is holding up progress on disinflation, which is complicating monetary policy normalization. Despite significant central bank hikes aimed at restoring price stability, the global economy grew steadily, supported by favorable supply developments.

Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025. 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.