IMF cuts 2024 growth forecasts for Japan, U.S., revises China's up

The International Monetary Fund said Tuesday its 2024 global growth outlook remains unchanged at 3.2 percent, predicting slower expansion for Japan and the United States that offsets a noteworthy upward revision for China.The IMF said in its World Economic Outlook report that "downside surprises in Japan and the United States were notable" in the first three months of this year, while cautioning that the momentum on disinflation is weakening globally and increasing policy uncertainty.It revised downward Japan's growth forecast for this year by 0.2 percentage point to 0.7 percent as the coun…READ FULL ARTICLE