Serrari Group

The International Monetary Fund (IMF) has revised its global growth forecast for 2024, predicting a 3.1% expansion. This adjustment reflects the continued resilience of the global economy despite prevailing challenges.

During a recent press briefing in Johannesburg, IMF Chief Economist Pierre Olivier-Gourinchas highlighted the unexpected strength of various economies, including the United States and key emerging markets. Contributing to this optimistic outlook is the bolstered fiscal support observed in China.

A notable trend driving this forecast is the steady decline in inflation rates across different regions. This phenomenon, attributed to eased supply side pressures and judicious monetary policies, is expected to result in a global headline inflation rate of 5.8% in 2024, dropping further to 4.4% in 2025.

Gourinchas emphasized the diminishing risk of a severe economic downturn, crediting faster disinflation and sustained growth. While acknowledging balanced risks to global growth, he identified potential positives such as improved financial conditions and heightened productivity stemming from robust reform momentum.

However, cautionary notes were sounded regarding downside risks, including geopolitical shocks leading to commodity price spikes, persistent inflationary pressures, and vulnerabilities in China’s property sector.

Looking forward, the IMF’s World Economic Outlook report underscores the importance of policymakers addressing medium-term growth challenges. This includes prioritizing structural reforms to facilitate the climate transition, promote sustainable development, and enhance living standards.

Key policy recommendations include adept management of inflation descent, prudent fiscal consolidation to manage debt levels, and targeted reforms to boost productivity and income prospects. Multilateral coordination is underscored as critical for addressing debt challenges and mitigating climate change impacts.

As the global economy continues its path to recovery, the IMF advocates for proactive measures to sustain growth and fortify resilience against evolving uncertainties.
By: Montel Kamau
Serrari Financial Analyst
31st January, 2024

Share this article:
Article and News Disclaimer

The information provided on is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website., reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023