Global growth is expected to increase slightly this year while remaining stuck below its pre-pandemic average, the IMF said Friday, flagging the growing economic divide between the United States and European countries.

The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year

Global growth is expected to hold at an annual rate of 2.7 percent for the next two years, the same as in 2024, the bank’s economists said.