The International Monetary Fund says the outlook for the global economy has become rosier for the first time in a year. Find out more.
The IMF also expects the tide to turn on inflation, arguing that it peaked in 2022 at 8.8 per cent. The Washington-based organization forecasts it will come down to 6.6 per cent this year before falling further to 4.3 per cent in 2024.Article content
Then, IMF analysts had slashed the 2023 outlook growth from 2.9 per cent to 2.7 per cent, warning that high inflation and rising interest rates could plunge some countries into a recession. At the time, authors called the reading the weakest growth profile since 2001, outside the global financial crisis.
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