✌️ Global fight against inflation nearing victory, according to IMF

• IMF predicts global inflation will drop from 6.7 percent in 2023 to 4.3 percent in 2025.
• In wealthy countries, inflation is expected to fall even faster - from 4.6 percent in 2023 to 2 percent in 2025.
• The inflation reduction has been achieved without a global recession, and the US economy continues to grow by 2.8 percent in 2024.

Inflation falling rapidly worldwide

The International Monetary Fund (IMF) announces that the global fight against inflation is approaching its goal. After several years of sharp price increases following the pandemic, data now shows that inflation is moderating in most countries.

In its latest assessment of the world economy, the IMF presents figures showing that global inflation will drop from 6.7 percent last year to 5.8 percent this year. The forecast for 2025 is 4.3 percent.

For the world's wealthy countries, the outlook appears even better. There, inflation is expected to fall from 4.6 percent in 2023 to 2.6 percent this year. During 2025, it is projected to land at 2 percent, which is within the target range for most central banks.

Strong economic growth despite interest rate hikes

What makes this development particularly remarkable is that it has occurred without causing a global recession. The US economy shows particular strength with an expected growth of 2.8 percent during 2024, driven by strong consumption and real wage increases.

Global trade is expected to increase by 3.1 percent during 2024 and 3.4 percent during 2025, which is a significant improvement compared to the 0.8 percent increase in 2023.

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