IMF expects ‘soft landing’ for global economy in 2024

News Snapshot:

IMF said the global economic recovery from Covid-19, Russia’s invasion of Ukraine and the cost-of-living crisis is proving “surprisingly resilient”. The global economy is on track for a “soft landing” as steady growth and moderating inflation boost financial conditions and permit “real incomes to recover”, the International Monetary Fund (IMF) has said. In its latest global outlook report, the Washington-based fund said the global economic recovery from Covid-19, Russia’s invasion of Ukraine and the cost-of-living crisis is proving “surprisingly resilient”. Inflation had come down quicker than expected with less of a toll on employment and activity, reflecting favorable supply-side developments...