World Economic Outlook (October 2024) Report

Current Context : Recently, World Economic Outlook 2024 is released.

Key highlights of Report

Publisher & Frequency: Released by the IMF twice a year, offering global economic analysis and medium-term projections​

Global Growth Forecast:

• Projected to remain stable at 2%for both 2024 and 2025
• Challenges include geopolitical conflicts, inflation pressures, and policy uncertainties.

Monetary Policy Focus:

• Addressing persistent inflation, especially in the services sector.
• Emphasizes the need for balanced policy adjustments to manage price stability​

India’s Growth:

• Expected to grow at 5%in 2025-26, making it a leading performer among major economies.

Structural Reforms:

• The report stresses the urgency of implementing structural reforms to sustain growth.
• Highlights strategies to enhance public acceptance of these reforms