IMF warns central banks not to keep policy ‘too tight for too long’
Chief economist calls for “triple pivot” as global economic outlook shifts
The International Monetary Fund (IMF) says central banks are at risk of keeping monetary policy “too tight for too long” in its latest flagship report on the global economy.
The World Economic Outlook, published today (October 22), celebrates the worldwide decline in inflation, which has come without a major hit to economic growth.
IMF chief economist Pierre-Olivier Gourinchas nevertheless warns in the report’s foreword that downside risks are rising and “now dominate the outlook”. The world faces
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