IMF Warns of Stubborn Inflation and Weaker Global Growth in 2024
- Central banks should hold line on monetary policy, fund says
- Outlook for economic expansion remains low on historical basis
The International Monetary Fund lifted its global inflation forecast for next year and called for central banks to keep policy tight until there’s a durable easing in price pressures.
The IMF boosted its projection for the pace of consumer price increases across the world to 5.8% for next year in its World Economic Outlook released Tuesday, up from 5.2% seen three months ago. The call for vigilance on inflation comes as it also trimmed the forecast for economic growth in 2024.