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While the IMF is upbeat about global growth it knows where dangers lurk
Optimistic forecasts could be upset by high borrowing costs, war in the Middle East – or a Trump election winIMF forecasts faster growth for UK economyAll things considered, the International Monetary Fund should be feeling relatively upbeat as it hosts its annual meeting in Washington DC this week.To be sure, its flagship World Economic Outlook (WEO) report shows the global economy stuck in a relatively low-growth pattern. But given how things stood two years ago, when inflation was at its highest for four decades and Russian troops had just invaded Ukraine, it could have been a lot worse. Continue reading...
https://www.theguardian.com/business/2024/oct/22/imf-upbeat-global-growth-dangers-lurk
The International Monetary Fund is cautiously optimistic about the global economy, with risks such as slow central bank actions, escalating Middle East conflict, and potential return of Donald Trump to the White House posing threats to the projected growth rates. The IMF warns against protectionist policies, predicting a negative impact on global GDP and living standards. Trump's proposed tariffs on imports could lead to trade tensions and economic repercussions. The IMF's economic outlook highlights uncertainties that could affect the world economy in the coming years.