What’s in the news?

• The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation.
• In its latest World Economic Outlook, the 190-country lending agency said that it now expects the global economy to grow 3.1% this year, unchanged from 2023 but better than the 2.9% it had predicted for 2024 in its previous estimate in October.
• Worldwide, the IMF thinks inflation will ease from 6.8% in 2023 to 5.8% in 2024 and 4.4% in 2025. 
• The combination of steady growth and falling inflation has raised hopes for a so-called soft landing for the global economy – a slowdown sufficient to contain inflation without causing a recession.
• The IMF expects world trade to grow just 3.3% this year and 3.6% in 2025, below the historical average of 4.9%.

https://indianexpress.com/article/business/imf-global-economy-growth-forecast-inflation-9135295/