IMF predicts prolonged economic challenges for US and global economies.
TL;DR Summary
The IMF has warned that high inflation and rising interest rates will continue to hamper the growth of the US and global economies for several years. Stubbornly high inflation is likely to force countries to keep interest rates high, which could destabilize financial institutions. The IMF predicts that inflation globally will average about 7% in 2023 and probably won’t return to low levels until 2025. The world economy is forecast to expand 2.8% in 2023 and 3% in 2024, a shade lower compared to the IMF’s forecast at the start of the year.
- High inflation and interest rates to hobble U.S. and global economies for several years, IMF says MarketWatch
- IMF economic forecast: UK doesn't have 'external engine that it once had' - El-Erian Sky News
- Interest rates likely to fall to pre-Covid levels, IMF predicts BBC
- IMF's Gourinchas on Global Outlook, Banks and Inflation Bloomberg Television
- Inflation Eats Interest in Advanced Economies Statista
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