Buildings in Pudong's Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024.
The International Monetary Fund on Tuesday nudged its global growth forecast higher, citing the unexpected strength of the U.S. economy and fiscal support measures in China.
It now sees global growth in 2024 at 3.1%, up 0.2 percentage points from its prior October projection, followed by 3.2% expansion in 2025.
It forecasts growth this year of 2.1% in the U.S., 0.9% in both the euro zone and Japan, and 0.6% in the United Kingdom.
"What we've seen is a very resilient global economy in the second half of last year, and that's going to carry over into 2024," the IMF's chief economist, Pierre-Olivier Gourinchas, told CNBC's Karen Tso on Tuesday.
Persons:
Pierre, Olivier Gourinchas, Karen Tso
Organizations:
Monetary Fund, IMF
Locations:
Lujiazui, Shanghai, China, U.S, Brazil, India, Russia, Japan, United Kingdom