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inflationAssociated Press News
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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..
VR Score
93
Informative language
95
Neutral language
46
Article tone
formal
Language
English
Language complexity
52
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Attention-grabbing headline
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Time-value
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External references
5
Source diversity
1
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