Global GDP growth: 3.4% forecast
According to the International Monetary Fund (IMF), global GDP is projected to grow by 3.4% in the upcoming period. This marks a slight increase from the 3.2% growth recorded in the previous year. Strong performances in emerging markets, particularly in Asia and Africa, are driving this growth.
Inflation rates: a downward trend
Inflation rates are expected to decline to an average of 2.5% in advanced economies by the end of the year, down from 3.1% in the preceding year. Major factors contributing to this trend include the easing of supply chain constraints and stabilizing energy prices.
Unemployment rates: stabilizing at 5.2%
The global unemployment rate is forecasted to stabilize at 5.2%. This stability is attributed to ongoing labor market reforms and increased investments in technology and automation across various sectors.
Commodity prices: a mixed outlook
Commodity prices are expected to remain volatile. Oil prices are projected to average $75 per barrel. Meanwhile, agricultural commodities such as wheat and corn may experience price increases of up to 10%. These fluctuations are largely due to adverse weather conditions impacting harvests.
Investment flows: predicted growth of 5%
Foreign direct investment (FDI) is projected to grow by 5%, fueled by rising confidence in emerging markets and a rebound in global trade. This growth suggests a positive outlook for international business operations.