IMF Report: US Growth Rebounds While China and Germany Face Declines

The IMF projects global economic growth at 3.2%, consistent with previous expectations.

The US economy is expected to grow by 2.3% in 2024 and 2.2% in 2025, revised down from earlier forecasts of 2.6% and 1.9%.

China's growth forecast is lowered to 4.8% for this year, down from 5%.

Eurozone Outlook: The euro economies are expected to grow by 0.8% in 2024 and 1.2% in 2025, slightly reduced from previous estimates.

Germany's Contraction: The German economy is now projected to shrink this year, with a growth forecast of only 0.8% for 2025, down from 1.3%.

Japan's Revision: Japan's growth forecast has been cut to 0.3% for 2024, down from 0.7%.

India's Stability: India's economy is expected to grow by 7% in 2024 and 6.3% in 2025, unchanged from previous forecasts.