Global growth forecast unchanged at 3.0 in 2023
Inflation dropping but 39;not quite there yet39;IMF chief economist
IMF raises U.S. forecast, cuts outlook for China, euro area

MARRAKECH, Morocco, Oct 10 Reuters The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro area and said overall global growth remained low and uneven despite what it called the remarkable strength of the U.S. economy.

The IMF left its forecast for global real GDP growth in 2023 unchanged at 3.0 in its latest World Economic Outlook WEO, but cut its 2024 forecast by 0.1 percentage point to 2.9 from its July forecast. World output grew 3.5 in 2022.

IMF chief economist PierreOlivier Gourinchas told reporters the global economy continued to recover from the COVID19 pandemic, Russia39;s invasion of Ukraine and last year39;s energy crisis, but growth trends were increasingly divergent across the globe, and prospects for mediumterm growth were mediocre.

Gourinchas said the forecasts generally pointed to a soft landing, but the IMF remained concerned about risks related to the real estate crisis in China, volatile commodity prices, geopolitical fragmentation, and a resurgence in inflation.

A fresh unexpected risk emerged in the form of the IsraelPalestinian conflict just as finance officials from 190 countries gathered in Marrakech for the annual meetings of the International Monetary Fund and World Bank, but came after the IMF39;s quarterly outlook update was…