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News: The International Monetary Fund (IMF) has released the latest update of its World Economic Outlook (WEO) on July 29th.

About IMF’s latest World Economic Outlook

The World Economic Outlook (WEO) provides a comprehensive picture of the global economy as well as details of individual countries.
Released by: International Monetary Fund (IMF)
- The IMF releases the WEO twice every year, in April and October, apart from updating it twice – in January and July.
Key Highlights of WEO 2025 Report
- Theme: Global Economy: Tenuous Resilience amid Persistent Uncertainty
- Key takeaways: There are two main takeaways for the state of the global economy.
  1. The global economy has proven to be resilient, albeit tenuous
  2. The outlook is plagued by persistent uncertainty
- Global scenario: Global growth is projected at 3.0 percent for 2025 and 3.1 percent in 2026.
  - The forecast for 2025 is 0.2 percentage point higher than that in the reference forecast of the April 2025 World Economic Outlook (WEO) and 0.1 percentage point higher for 2026.
- Indian scenario: India continues to be a bright spot in the global economy.
  - It is expected to grow 4% in 2025.
  - India is fast bridging the gap and ensuring that it overtakes one developed economy after another, at least in terms of total GDP.

The International Monetary Fund (IMF) is a specialized agency of the United Nations, established in 1944 at the Bretton Woods Conference.
Headquarters: Washington D.C.
Members: IMF currently has 191 member countries.
Objectives of the IMF
- To promote international monetary cooperation and exchange rate stability.
- To facilitate balanced growth of international trade and global economic stability.
- To reduce poverty and foster high levels of employment and sustainable economic growth.
- To provide a forum for consultations and policy advice among member countries.