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IMF chief forecasts steady world growth in 2025, continuing disinflation

Business Standard LogoBusiness Standard9h ago

IMF chief forecasts steady world growth in 2025, continuing disinflation - Business Standard

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With inflation moving closer to the US Federal Reserve's target, and data showing a stable labor market, the Fed could afford to wait for more data before undertaking further interest rate cuts, she said.

Overall, interest rates were expected to stay "somewhat higher for quite some time," she said.

In October, the IMF raised its 2024 economic growth forecasts for the US, Brazil and Britain but cut them for China, Japan and the euro zone, citing risks from potential new trade wars, armed conflicts and tight monetary policy.


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Category: BusinessFinance

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-11 @ 07:24:04 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 639 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25054590

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Official Website: business-standard.com

Update Frequency: 192 posts per day

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News Last Updated: 2 hours ago

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