“It looks like the global battle against inflation has largely been won, even if price pressures persist in some countries,” the IMF said in its latest World Economic Outlook.
The rosy outlook on consumer prices comes just weeks before the US election, with inflation a key issue for voters.
While upside risks to inflation are receding around the world, threats to economic growth are multiplying, according to the IMF.
The IMF sees the global economy expanding 3.2% this year, as it forecast in July.
“Economic growth must come instead from ambitious domestic reforms that boost technology and innovation, improve competition and resource allocation, further economic integration and stimulate productive private investment,” it argued.
Persons:
Downside
Organizations:
London CNN —, International Monetary Fund, IMF, US Consumer
Locations:
East, Europe, China, India