"The global battle against inflation is almost won," the IMF report trumpeted, even as it called for "a policy triple pivot" to address interest rates, government spending, and reforms and investment to boost productivity.
The fund kept its global growth estimate at 3.2% for 2024 and 2025 — which it called "stable yet underwhelming."
Market volatility among key downside risksHeightened financial volatility is another threat to global growth, the IMF report said.
Further challenges to global financial markets could come in the final stretch of the fight against inflation.
The IMF forecasts global growth will rise 3.1% annually at the end of the 2020s, the lowest level in decades.
Persons:
Pierre, Olivier Gourinchas
Organizations:
International Monetary Fund, Global, Vigilance, IMF
Locations:
Washington , DC, United States, The Washington, Brazil, Mexico, America, Europe