The International Monetary Found lowered its 2025 global growth forecasto 3.2%, down 0.1 percentage point from the July estimate while leaving this year's projection unchanged at 3.2%. The IMF warned of rising risks such as conflicts and trade protectionism, but praised central banks for controlling inflation without causing recessions. The US GDP is now expected to grow 2.8% in 2024, higher than 2.6% seen in July amid stronger outturns in consumption and nonresidential investment. The Euro Area on the other hand, is seen expanding at a slower 0.8% this year (vs 0.9% seen in July), as German economy is now seen stalling, compared to a 0.2% growth previously forecasted. Growth forecasts were also revised lower for China (4.8% vs 5%) and Japan (0.3% vs 0.7%). Meanwhile, the UK GDP is seen rising faster (1.1% vs 0.7%) and growth forecasts for India were left steady at 7%
