IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AI

The global economic body's latest World Economic Outlook indicates a significant easing of price rises across the UK over the next year.

The International Monetary Fund (IMF) on Wednesday raised its forecast for Korea’s economic growth this year to 2.6 percent, up 0.7 percentage point from its April projection, marking the largest upward revision among the 30 major economies covered in its latest outlook.

IMF Sees AI Surge Offset War Oil Shock and Keeps Growth Outlook

In its latest assessment, the Washington-based institution paints a mixed picture of the global economy with two major economic forces “pushing in opposite directions”.