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IMF: The world economy is entering a stable but slow state – Rossiyskaya Gazeta

Date: July 13, 2024 Time: 19:32:17

Experts estimate that the global economy will stabilize somewhere between the extremely slow 2010s and the too-rapid growth of the early 2020s. At the same time, the huge US budget deficit is a “special problem” for the global economy.

The IMF predicts that the world economy will grow 3.2% this year and next. But the study points to stronger economic growth of 2.7% this year, more than a percentage point higher than expected last fall.

The IMF believes that global economic growth will be accompanied by an easing of price pressures. Inflation in advanced economies will be 2.6% this year, half of what it was in 2023.

Growth is generally expected to remain low by historical standards, according to the IMF report, due to the lingering effects of the pandemic, the conflict in Ukraine, weak productivity growth and widespread economic tensions across the world. world.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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