IMF Declares Global Inflation Battle Nearly Won

The IMF reports a significant decline in inflation with minimal impact on global economic growth, while highlighting ongoing risks and regional disparities.

• The IMF forecasts global inflation to decrease from 6.7% in 2023 to 5.8% in 2024, with further reductions expected by 2025.
• The United States economy is projected to grow by 2.8% this year, with a slowdown anticipated in 2025 as budget deficit measures are implemented.
• Australia faces one of the highest inflation rates among advanced economies, with unemployment expected to rise to 4.4% next year.
• China's economic growth is predicted to slow due to a weak housing market and consumer confidence, despite strong exports.
• The IMF warns that geopolitical tensions and protectionist policies could disrupt global trade and economic stability.

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