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

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,…