JOHANNESBURG – The International Monetary Fund on Tuesday lifted its forecast for global economic growth, upgrading the outlook for both the United States and China — the world’s two largest economies — and citing faster-than-expected easing of inflation.
Chief economist Pierre-Olivier Gourinchas said the global lender’s updated World Economic Outlook showed that a “soft landing” was in sight, but overall growth and global trade still remained lower than the historical average.
“The global economy continues to display remarkable resilience, with inflation declining steadily and growth…
