The global economy is now showing signs of a marked slowdown in growth, said the IMF in its latest world economic outlook report.
The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (region, stage of development, etc.), and in many individual countries.
Is Inflation Back?
Despite some recent easing in commodity prices, many of the forces underlying the boom are still in place, and prices will likely remain at high levels by historical standards. While the situation is by no means uniform, inflation risks remain fairly high across a range of emerging and developing economies, reflecting continued pressures from the adjustment to high commodity prices and the danger of second-round effects on underlying inflation. In advanced economies elevated risks are diminishing rapidly, owing to the deflationary impact.
In a number of emerging and developing economies further monetary policy tightening is important for containing inflationary pressures, especially where inflation is high for other reasons, notably, where policy credibility is low.
Download PDF Report: Commodity Prices and Inflation
On BBC - Business News - IMF in 'severe downturn' warning
No comments:
Post a Comment