Inflation and economic risks: IMF warns of severe global financial uncertainty

Kyiv • UNN

Jul 17 2024, 08:56 AM • 22572 views

IMF warns of severe global financial uncertainty as risks of sustained inflation rise, higher interest rates, trade disputes, and election-related policy uncertainty.

The latest IMF report on global inflation warns that the risks of higher inflation have increased. Writes UNN citing International Monetary Fund (IMF).

Details

The International Monetary Fund (IMF) has warned that there is "some resilience" in inflation in many countries, including the UK and the US. The likelihood of a prolonged persistence of higher interest rates amid intensifying trade disputes and growing economic policy uncertainty is confirmed.

The fund also said that "uncertainty" about economic growth was revealed amid elections around the world, as well as concerns about "significant swings" in the policies of new governments.

At the same time, the IMF forecasts that the world economy will grow by 3.2% in 2024, and a higher growth rate of 3.3% is expected in 2025.

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