Inflation to balloon further amid shrinking global GDP–IMF
Inflation will continue to rise irrespective of weak global economic growth, the International Monetary Fund, IMF, said at the ongoing annual meeting in Marrakesh, Morocco. IMF has earlier reviewed global GDP of 2.9% for 2024 down from 3.5% in 2022 and 3% this year. According to a Financial Times report, while a spate of rate…