IMF raises its forecast for world growth this year, but warns of risks from AI boom and debt

The International Monetary Fund (IMF) on Tuesday slightly upgraded its outlook for the world economy for this year while warning of growing risks from rising debt, including the financial frenzy around artificial intelligence. The IMF says it expects the global economy to grow at a 3.1 per cent pace this year. That is up from its July forecast for 3.0 per cent growth and well below the 3.5 per cent expansion in 2025. Growth in 2027 should rebound to 3.4 per cent, it said in its latest Economic Outlook.