IMF hikes global growth forecast as inflation cools and household spending surprises
Publishing timestamp: 2023-01-30 23:48:58
Summary
The International Monetary Fund revised its global growth projections for the year, predicting a 0.2 percentage point improvement from its previous forecast in October. However, the growth rate is still lower than the expansion of 3.4% in 2022. The IMF warned of several factors that could deteriorate the outlook in the coming months, including inflation, Russia's invasion of Ukraine, and market reactions to inflation prints. The IMF said that central banks should keep addressing the surge in consumer prices.
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Keywords: united states, international monetary fund, politics, business news, russia, breaking news: economy, economic events, ukraine, dxy us dollar currency index, economy, world economy, europe news,
Source: https://www.cnbc.com/2023/01/30/imf-hikes-global-growth-forecast-as-inflation-cools.html