IMF: Global economy has 'little margin' for monetary policy error

World Economic Outlook

The global economy has “little margin for policy error” as growth continues to be slow and uneven, the International Monetary Fund (IMF) said.

In its biannual 'Global Economic Outlook' report, the agency said growth had shown "remarkable resilience" in the face of a series of adverse shocks in recent years, with activity slowing but not stalling. As the global economy continues to recover slowly from the blows of the pandemic, Russia's invasion of Ukraine, and the cost-of-living crisis, the IMF said it is "limping along, not sprinting" due to slow and uneven growth. In its latest forecasts, global growth is expected to fall from 3.5% in 2022 to 3% this year and 2.9% in 2024. This year's forecast was unchanged from the IMF's ...