Global economy set to cruise at a solid 3% growth rate next year
central banks implement a series of interest rate cuts against the backdrop of a strong U.S. economy, according to a Reuters poll of around 500 economists.
Next week's hotly-contested U.S. presidential election could limit the growth picture, however, by re-writing the current rules around trade.
Unexpected resilience that led economists to significantly upgrade their 2024 global growth forecasts since the beginning of the year is in large part thanks to the U.S. economy's performance.
Inflation has also fallen sharply, with most major central banks now managing price pressures within striking distance or already at their respective targets.
Global growth was expected to average 3.1% this year, a steep upgrade from 2.6% in a January poll, also up from 2.9% in April and steady compared with a poll three months ago.
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