IMF 2024 Outlook: Weak Global Growth Amid Stubborn Inflation

Bloomberg Television published this video item, entitled “IMF 2024 Outlook: Weak Global Growth Amid Stubborn Inflation” – below is their description.

“The global economy is limping along, not sprinting,” said International Monetary Fund Chief Economist Pierre-Olivier Gourinchas as the IMF lifted its global inflation forecast for next year and sees global growth of 2.9% for next year, down 0.1% from its outlook in July. Gourinchas spoke Tuesday at the annual IMF-World Bank meetings, which are taking place this week in Marrakech, Morocco.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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Morocco, a North African country bordering the Atlantic Ocean and Mediterranean Sea, is distinguished by its Berber, Arabian and European cultural influences. Marrakesh’s medina, a mazelike medieval quarter, offers entertainment in its Djemaa el-Fna square and souks (marketplaces) selling ceramics, jewelry and metal lanterns. The capital Rabat’s Kasbah of the Udayas is a 12th-century royal fort overlooking the water. 

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