Global growth is now projected to slow to 3.1% in 2026 and 3.2% in 2027, marking a slowdown from the 3.4% average recorded during 2024-25. The latest outlook also falls short of the 3.7% historical average seen between 2000 and 2019, underlining a broader loss of momentum.
The IMF has also raised its growth forecast for the global economy, turning slightly more positive despite slowing momentum from China.
The economic challenges persist despite Pakistan's tough measures to persuade the International Monetary Fund (IMF), reported Geo News.
IMF visit to Pakistan scheduled for October has been delayed amidst differences between Pakistan's commitment to the IMF on fiscal consolidation.
The global economic outlook is darkening and the risks of recession are quickly rising as per the International Monetary Fund,…
The oil and Gas Regulatory Authority (OGRA) has informed the Shehbaz government about the growing subsidy on petroleum products.
Ukraine is currently losing about USD 7 billion a month, which adds up to roughly USD 50 billion over a six-month period, he said.
The International Monetary Fund (IMF) Executive Board approved a USD 44 billion extended arrangement for Argentina to strengthen the country's debt sustainability and tackle high inflation, the IMF said in a statement.
The report also warned that the Sri Lankan economy could implode unless actions were taken to halt monetary instability.
As vaccination rates accelerate, the region is expected to grow by 4.9 per cent in 2022, 0.4 percentage points faster than projected in April.
