The global economy is moving at a leisurely pace this year—like a marathon runner conserving energy . The International Monetary Fund (IMF) says growth will hit 3.2% in 2024, matching 2023’s speed and staying steady through 2025. But here’s the catch: it’s still slower than the pre-pandemic average of 4%
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Olympic Year, No Economic Gold Medals
Even as Paris gears up for the Summer Olympics, the IMF warns the world won’t be breaking any economic records. Experts describe the outlook as 'stable but sluggish,' with inflation and geopolitical tensions acting like ankle weights .
What This Means for You
For young professionals and entrepreneurs, this 'slow motion' economy signals cautious optimism. Job markets and investments may grow steadily, but don’t expect a sprint . Students and travelers, though? This could mean more affordable travel options as countries prioritize tourism to boost local economies
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While the numbers aren’t thrilling, the IMF emphasizes resilience: 'The global economy continues to walk forward—but it’s time to lace up those shoes for the long haul.'
Reference(s):
cgtn.com