The global economy shows clear signs of recovery at a faster rate than expected in 2023. The International Monetary Fund (IMF) expects global economic growth to remain at 3,2% in 2024 and 2025.
In the US, growth is expected to increase to 2,7% in 2024, mainly as the result of the stronger growth in the last part of 2023 persisting into 2024. Tighter fiscal and monetary policy will, however, limit growth to 1,9% in 2025.
