Global Inflation War Won

This is a the United States news story, published by Associated Press News, that relates primarily to IMF news.

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inflation

Associated Press News

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IMF's view: The global fight against high inflation is 'almost won' | The Associated Press

Summary

Nutrition label

85% Informative

Inflation will cool from 6.7% last year to 5.8% this year and to 4.3% in 2025 , the IMF says.

Inflation slowed after years of crushing price increases in aftermath of the pandemic.

The IMF upgraded its economic expectations for the United States this year , while lowering its estimates for growth in Europe and China .

While still strong, that pace would be down from 8.2% growth last year , a result of consumers slowing their spending after a post-pandemic boom. The IMF predicts that Japan ’s economy, hurt by production problems in the auto industry and a slowdown in tourism, will expand by a meager 0.3% this year before accelerating to 1.1% growth in 2025 . The United Kingdom is projected to register 1.1% growth this year , up from a dismal 0.3% in 2023 , with falling interest rates helping spur stronger consumer spending..