The International Monetary Fund (IMF) stated on Tuesday that the global economy is cooling and facing multiple risks, including the volatile banking sector, high inflation, and rising interest rates. According to the latest World Economic Outlook report from the IMF, total economic output is expected to rise by 2.8% this year, representing a deceleration from…
The IMF has issued a warning that the global economy could face a “hard landing” if inflation persists and leads to extended periods of high interest rates, thereby increasing financial risks. In its latest World Economic Outlook published on Tuesday, the IMF kept its overall economic forecasts largely the same as those from January. However,…
Are we in a recession? Talks of a possible recession among bankers, economists, and analysts have increased due to an uncertain economic backdrop caused by raising inflation, sky-high interest rates, and chaotic stock markets. While the U.S economy has remained resilient with robust consumer spending, and a strong job market on average, worries of increasing borrowing…