The International Monetary Fund said on Tuesday that a "soft-landing" for the world economy is likely as it lifted the growth forecast for this year citing the strong resilience in the United States and several large emerging market and developing economies, as well as fiscal support in China.
The global economy is now projected to grow 3.1 percent this year, same as in 2023, but an upgrade from the 2.9 percent expansion forecast in October, the January update to the IMF's World Economic Outlook report revealed.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.