💨 Abstract

The International Monetary Fund (IMF) has reported that while the global economy has avoided a recession and inflation is decreasing, global debt is expected to surpass $100 trillion in 2024 due to increased spending on green transition, aging populations, security, and development challenges. The US growth forecast has been revised upward to 2.8%, but may slow down in 2024 due to tightening fiscal policy and a cooling labor market.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖