IMF economic forecast: The global economy is diverging – these are the winners and losers
Global economic growth is becoming increasingly concentrated in fewer and fewer countries. This is largely due to the AI boom. Germany is benefiting, while developing countries are being left behind.
The International Monetary Fund (IMF) has released its World Economic Outlook, predicting a global economic growth of 3.1 percent. The growth is unevenly distributed, with chip exporters like Taiwan and South Korea experiencing strong growth, while oil importers with weak tech industries suffer. Taiwan's growth forecast has been doubled to 10.7 percent, and other Asian countries like Singapore and Vietnam also see significant upgrades.
In contrast, countries dependent on energy imports, such as Bangladesh, Bahrain, Iraq, Kuwait, and Qatar, face economic challenges, with some expecting double-digit declines in economic output.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
