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) announced that the global economy is avoiding recession despite high interest rates aimed at controlling inflation. The IMF's new report indicates inflation control is largely achieved with global output projected to be stable at 3.2% for this year and the next. However, the report highlights potential threats such as increased violence in the Middle East and the looming risk of trade wars, especially if a Trump presidency materializes, which could lead to significant tariffs and economic slowdowns.

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The concerns regarding potential trade wars and tariffs under a Trump presidency may negatively impact stocks, particularly those in sectors sensitive to tariffs and international trade. Investors should be cautious with companies relying heavily on imports or international markets.

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