IMF upgrades global growth forecast as economy proves 'surprisingly resilient' despite downside risks
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Global economy resilient; to expand by 3.2% in 2024 – IMF
According to the April 2024 World Economic Outlook (WEO) Report by the International Monetary Fund, the journey has been eventful, starting with supply-chain disruptions in the aftermath of the pandemic, a Russian-initiated war on Ukraine that triggered a global energy and food crisis, and a considerable surge in inflation, followed by a globally synchronized monetary policy tightening.