I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats

Published On Oct 22, 2024, 9:00 AM

The International Monetary Fund (IMF) has stated that despite rising interest rates, the global economy has not fallen into recession, with a projected steady growth of 3.2% this year and next. However, potential threats loom, such as rising violence in the Middle East and the possibility of new trade wars, particularly linked to political developments in the U.S. The IMF cautions that a return of protectionist policies, especially if Trump is elected again, could lead to tariff impositions and economic retaliation, potentially fuelling inflation and slowing growth further.

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Investors should be cautious as the possibility of a protectionist shift in the U.S. under a Trump administration could negatively impact trade and lead to increased market volatility. Sustained high tariffs would likely harm global supply chains and economic growth.

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