The International Monetary Fund inched up its expectations for global economic growth this year‚ citing strength in the US and some emerging markets‚ while warning the outlook remains cautious amid persistent inflation and geopolitical risks. Global economic activity will expand 3.2% this year‚ it said Tuesday in its World Economic Outlook‚ up 0.1 percentage point from its January estimate. The forecast for 2025 was unchanged at 3.2%.

The International Monetary Fund on Tuesday slightly raised its global growth forecast‚ saying the economy had proven “surprisingly resilient” despite inflationary pressures and monetary policy shifts. The IMF now expects global growth of 3.2% in 2024‚ up by a modest 0.1 percentage point from its earlier January forecast‚ and in line with the growth projection for 2023. Growth is then expected to expand at the same pace of 3.2% in 2025. The IMF’s chief economist‚ Pierre-Olivier...

The International Monetary Fund on Tuesday modestly upgraded its outlook for the world economy‚ but warned of ongoing risks including persistent inflation and geopolitical turmoil.  The Washington-based institution said in its latest World Economic Outlook that global gross domestic product will grow by 3.2% this year – which represents a 0.1 percentage point bump from its January forecast – and expand at that same pace in 2025. &;quot;Despite gloomy predictions‚ the global...

For one excruciatingly tense moment in the White House Situation Room‚ all present from President Joe Biden to Cabinet members and senior aides seated around the large table were holding their breath. As part of its unprecedented aerial attack on Israel Saturday night‚ Iran had simultaneously launched more than 100 ballistic missiles. Everyone present knew the weapon was capable with just one successful hit of causing tremendous loss and damage – and of turning the war in Gaza into a broader...

Rep. Thomas Massie (R-KY) will co-sponsor a motion to vacate House Speaker Mike Johnson (R-LA)‚ marking a second Republican who publicly threatened his removal. Massie told lawmakers in a closed-door meeting Tuesday he would back the effort introduced by Rep. Marjorie Taylor Greene (R-GA) last month‚ a lawmaker inside the meeting confirmed to the Washington Examiner. The change comes just one day after Johnson proposed a four-pronged plan to provide foreign aid to Israel‚ Ukraine‚ and Taiwan...

House Speaker Mike Johnson defiantly rejected a new call for his resignation‚ a day after the embattled party leader introduced a plan to pass bills funding Ukraine‚ Israel and other overseas allies. The comments came after Rep. Thomas Massie (R.‚ Ky.)‚ a sharp critic of further aid to Ukraine‚ said Tuesday morning that he is planning to join Rep. Marjorie Taylor Greene (R.‚ Ga.) on her motion to vacate the speaker chair‚ which could lead to a vote to oust the speaker. Greene filed the...