"World economic growth is unlikely to take off in the next five years," warns the IMF

“Crescimento económico mundial não deverá descolar nos próximos cinco anos”, avisa o FMI

After two years of recovery from the 2020 recession, the world economy has stabilized on a growth plateau of just over 3%, from which it should not be able to emerge in five years, warns the World Economic Outlook, published this Tuesday (16) by the International Monetary Fund (IMF).

According to the IMF, quoted by the Portuguese newspaper ExpressChina, geo-economic fragmentation and public debt make it difficult to take off.

World economic growth will hit 3.2% by 2025 and the five-year horizon is that the annual advance of global Gross Domestic Product (GDP) should not deviate from this level over the next five years, the weakest level recorded for several decades. The forecast comes from the International Monetary Fund (IMF) and was published this Tuesday in the World Economic Outlook (WEO), as part of the IMF's spring meeting, which runs until Friday at the organization's headquarters in Washington DC, United States.

However, the world economy has shown "resilience", says the IMF, as it has avoided prolonging the recession of 2020 or plunging into a situation of stagflation (economic stagnation with high inflation), as some of the more pessimistic analysts predicted. But the take-off that it experienced in 2021 and 2022, with average growth of 5% a year, eventually wore off and forced the world economy to make a "soft landing" on a plateau where, between 2023 and 2028, it should only be able to grow by just over 3% a year. This contrasts with an average of 3.8% between 2000 and 2019, even including the 2009 recession.

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