IMF Reports Progress in Global Inflation Battle

The International Monetary Fund (IMF) has announced that the global battle against inflation is nearing completion, with inflation rates projected to fall to 3.5% by the end of 2025, down from a peak of 9.4% in 2022. This achievement is attributed to effective monetary policies by central banks, which have managed to curb inflation without causing a global recession. The U.S. economy is forecasted to grow by 2.8% in 2024, driven by strong consumer spending and investments, particularly in infrastructure and green energy. However, the IMF warns of rising downside risks, including geopolitical tensions and economic policy shifts that could impact growth. Concerns about high debt levels and potential political changes, such as a possible second Trump presidency, pose risks to sustained economic stability. The IMF maintains a global growth estimate of 3.2% for 2024 and 2025, acknowledging the resilience of the global economy amidst these challenges.