Global Economy Faces Headwinds Due to Banking Troubles, says IMF

Global Economy Faces Headwinds Due to Banking Troubles, says IMF

ByMike Joel

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…

Persistent Inflation May Lead to ‘hard landing’ and Severe Global Economic Consequences, IMF warns

Persistent Inflation May Lead to ‘hard landing’ and Severe Global Economic Consequences, IMF warns

ByMike Joel

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,…