The latest numbers:
- 2023 global GDP +3.0% vs 2.8% in April
- 2024 GDP at 3.0% vs +3.0% in April
- China 2023 GDP at 5.2% vs 5.2% in April
- Eurozone GDP at +0.8%
- UKGDP to grow 0.4% vs -0.3% in April
- German GDP contracting 0.3% vs -0.1% in April
- US GDP growth at 1.8% vs 1.6% in April
The IMF said global growth remains tilted to the downside, but more favorable outcomes are now increasingly possible. On the monetary side, they expect tightening until the end of 2024 or early 2025.