IMF Lifts Global Growth Forecasts

Image copyright: wsj

The Spin

Narrative A

This year will certainly be challenging, but it may well represent the turning point of the global economy. Though uncertainty still looms, confidence that a global recession can be avoided has improved as the world's three main economic engines – China, Europe, and the US – have outperformed expectations and averted some predicted problems so far.

Narrative B

Indeed, there's reason to be cheerful about the world economy as inflation has eased in the US, energy prices have plunged in Europe, and China has gotten rid of its destructive "zero-COVID" policy. It's too early, however, to dismiss the risk of a global recession as overheated labor markets and the energy crisis still endure.

Metaculus Prediction


Articles on this story