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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 hosting its annual meeting in Washington DC, and despite the global economy being stuck in a low-growth pattern, the IMF is relatively upbeat due to the fight against high inflation being won. The IMF's economic counsellor, Pierre-Olivier Gourinchas, highlights three main threats to global growth: central banks being too slow in reducing borrowing costs, the war in the Middle East escalating, and the possibility of Donald Trump returning to the White House.