IMF raises this year's global GDP growth forecast to 3.1% as bond yields become a concern, while slightly lowering China's economic growth forecast

The IMF has raised its forecast for this year's global economic growth by 0.1 percentage points to 3.1%, while keeping next year's unchanged at 3.4%. The report says that although fighting in the Middle East and trade tensions continue, the AI technology cycle is driving demand, economic activity has performed better than expected, and financial risks are steadily increasing. The global recovery is uneven, with countries benefiting from technology-related exports and investment gaining a buffer, while others face rising import spending and weakening demand.