But given how things stood two years ago, when inflation was at its highest for four decades and Russia had just invaded Ukraine, it could have been a lot worse.
As the IMF's economic counsellor, Pierre-Olivier Gourinchas, rightly pointed out, the fight against high inflation is all but over and the battle has been won without triggering the deep recession some feared when energy prices were soaring in 2022.
While that's clearly good news, the IMF is aware there are more downside than upside risks to its forecasts that global growth will be 3.2% in 2024 and 2025. Three main threats are identified.
Bu hikaye The Guardian dergisinin October 23, 2024 sayısından alınmıştır.
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Bu hikaye The Guardian dergisinin October 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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