Inflation set to remain high into 2025, IMF warns
Soft landing looks more likely but growth is “limping along”, says Pierre-Olivier Gourinchas
Inflation is likely to remain above target in most countries until at least 2025, the International Monetary Fund said today (October 10).
But the IMF also said that there was more chance of a “soft landing”, where economies avoid both prolonged high inflation and a severe recession.
The IMF’s latest forecasts project global inflation will fall from 8.7% in 2022 to 6.9% this year, and 5.8% in 2024. The fund raised both the 2023 and 2024 forecasts, by 0.1 percentage points and 0.6pp
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