A slow but steady pace of growth awaits the world economy for another year.

Axar.az reports that this is stated in the information of the International Monetary Fund (IMF).

The International Monetary Fund predicts global GDP growth of 3.2 percent in 2024 and 2025, which is close to last year's figures.

"We believe that the global economy has remained quite stable," IMF Chief Economist Pierre-Olivier Gurincha told reporters.

He also noted that many countries' central banks have raised interest rates to fight inflation, defying pessimistic predictions of a recession.

The IMF report says that many countries appear to have suffered less from the COVID-19 pandemic and the housing crisis, and are returning to pre-pandemic levels of production faster than previously predicted.

Inflation is falling, but central banks' return to their targets has been relatively slow in recent months.