The Latest IMF Projections for GDP Growth (July 2024)

What We’re Showing

This graphic shows the latest GDP growth projections from the IMF’s World Economic Outlook (July 2024 update).

Key Takeaways

• U.S. growth is expected to slow to +1.9% in 2025 due to slowing job growth and fiscal tightening
• Germany’s economy will continue its sluggish recovery due to weaknesses in the manufacturing sector
• India’s projections have been revised upwards to +7.0% in 2024 due to rising prospects for domestic consumption

China to slow to +3.3% by 2029

The IMF believes that China’s economic growth will continue to slow throughout the 2020s. This is largely due to the country’s aging population and slowing productivity growth.