IMF warns of ‘hard landing’ for global economy if inflation persists

IMF warns of ‘hard landing’ for global economy if inflation persists
# 11 April 2023 17:46 (UTC +04:00)

The IMF has warned of a “hard landing” for the global economy if persistently troublesome inflation keeps interest rates higher for longer and amplifies financial risks, APA reports citing Financial Times.

Although the fund left its overall economic forecasts largely unchanged from January in its latest World Economic Outlook, published on Tuesday, it stressed that signs of resilience alongside lower global energy and food prices masked a darker reality.

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