The International Monetary Fund declared a victory in the global war against inflation, with minimal impact on economic growth. Inflation rates are expected to drop significantly in wealthy countries, reaching the target range of two per cent by 2025.
The drop in inflation follows aggressive actions by central banks, such as the Federal Reserve and the European Central Bank, to combat rising prices post-pandemic. Despite higher borrowing costs, the economy, especially in the United States, continued to grow.
The IMF’s chief economist highlighted the success in controlling inflation and expressed optimism for global economic growth. However, concerns remain about geopolitical tensions impacting international trade efficiency.
