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Bloomberg Talks

IMF Chief Economist Talks Global GDP Outlook

Jan 30, 2024
IMF Chief Economist Pierre-Olivier Gourinchas discusses the raised global growth forecast for this year due to US expansion and Chinese fiscal stimulus. Topics include resilient economies, AI productivity impact, risks from wars and inflation, interest rates, cybersecurity, elections, fiscal policy, adjustments in the US and South Africa, challenges of taxes, disruptions in maritime shipping, and growth prospects in Saudi Arabia and the euro area.
13:08

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Quick takeaways

  • The IMF has raised its global growth forecast for 2024, citing resilience in economies like the US, China, Brazil, India, and Southeast Asian economies.
  • AI has the potential to significantly impact global productivity growth, with winners likely to be companies that make significant upfront investments in AI technology.

Deep dives

Global Growth Forecast for 2024

The IMF has increased its growth forecast for 2024, with resilience observed in economies such as the US, China, Brazil, India, and Southeast Asian economies. Strong demand, unwinding supply chain restrictions, lower energy prices, and strong labor markets are contributing to the growth.

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