Regional Economic Outlook
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October 2024
Coming Soon: Regional Economic Outlook for the Western Hemisphere, October 2024
October 25, 2024
Description: Tune in for the press briefing on the IMF’s latest economic projections for the Western Hemisphere on October 25 at 10:15 AM ET. The full report will also be available on this date.
Coming soon: Regional Economic Outlook for Sub-Saharan Africa, October 2024
October 25, 2024
Description: The latest Regional Economic Outlook for Sub-Saharan Africa will be available on October 25, 2024 at 8:00 AM ET (12:00 UTC).
Coming Soon: Regional Economic Outlook for Europe, October 2024
October 24, 2024
Description: Tune in for the press briefing on the IMF’s latest economic projections for Europe on October 24 at 11:30 AM ET. The full report will also be available on this date.
Coming Soon: Regional Economic Outlook for the Middle East and Central Asia, October 2024
October 24, 2024
Description: Tune in for the press briefing on the IMF’s latest economic projections for the Middle East and Central Asia on October 24 at 10:30 AM ET. The full report will be available on this page on October 31.
Coming Soon: Regional Economic Outlook for Asia and Pacific, October 2024
October 24, 2024
Description: Tune in for the press briefing on the IMF’s latest economic projections for Asia and Pacific on October 24 at 9:15 AM ET. The full report will be available on this page on October 31 at 9:30 PM ET.
April 2024
Regional Economic Outlook for Asia and Pacific
April 29, 2024
Description:
Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. Near-term risks are now broadly balanced, as global disinflation and the prospect of monetary easing have increased the likelihood of a soft landing. Spillovers from a deeper property sector correction in China remain an important risk, however, while geoeconomic fragmentation clouds medium-term prospects. Given the diverse inflation landscape, central bank policies need to calibrate policies carefully to domestic needs. Fiscal consolidation should accelerate to contain debt burdens and debt service cost, in order to preserve budgetary space for addressing structural challenges, including population aging and climate change.
Regional Economic Outlook, Western Hemisphere, April 19th, 2024
April 19, 2024
Description: The Latin America and the Caribbean region has shown remarkable resilience in the face of recent global challenges, rebounding more strongly than expected from the pandemic. Growth is now moderating, from 2.3% in 2023 to 2.0% in 2024, as most economies are operating at potential. This moderation is also due to a weaker external environment and the ongoing impact of tight policies aimed at curbing inflation.
Regional Economic Outlook for Europe, April 2024 | Soft Landing in Crosswinds for a Lasting Recovery
April 19, 2024
Description:
A soft landing for Europe’s economies is within reach. Securing the baseline of growth with price stability will require careful monetary policy calibration. Faster fiscal consolidation would ensure buffers are adequate to tackle future shocks, while structural fiscal reforms would help address mounting long-term expenditure pressures. Beyond the near-term recovery, raising potential growth prospects calls for efforts at both the domestic and European levels. Measures should aim to raise labor force participation, prepare the workforce for looming structural shifts, set an enabling environment for private investment, and promote innovation on a level European playing field—especially when it comes to the green transition, including through a strong commitment to carbon pricing. Greater European integration would amplify the effect of these reforms. Formulating an ambitious set of growth-enhancing reforms should be a key priority of a new EU commission.
Regional Economic Outlook for Sub-Saharan Africa, April 2024 | A Tepid and Pricey Recovery
April 19, 2024
Description:
After four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
Regional Economic Outlook for the Middle East and Central Asia, April 2024: An Uneven Recovery amid High Uncertainty
April 18, 2024
Description:
An Uneven Recovery amid High Uncertainty The Middle East and North Africa and the Caucasus and Central Asia regions are positively impacted by the resilience of the global economy. Lower global commodity prices and vigilant policy responses have helped ease inflation in most countries. However, uncertainty and risks have risen amid ongoing conflicts, shipping disruptions, and reduced oil production. This is leading to an uneven recovery across the Middle East and Central Asia, with growth rates varying this year. Policymakers need to ensure economic stability and debt sustainability while navigating geopolitical risks and improving medium-term growth prospects. Amid high uncertainty, it is essential that countries implement reforms to enhance their fundamentals, including by strengthening institutions. Additionally, countries can seize potential economic opportunities amid shifting trade patterns by reducing long-standing trade barriers, diversifying products and markets, and improving infrastructure.
