IMF: Global Growth Slowing, Inflation May Ease But Debt Stresses Remain
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Global economic growth slowing from 3.5% last year to 3% this year and 2.9% next year according to IMF outlook.
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Inflation seen dropping from 6.9% this year to 5.8% next year, but central bankers signal readiness to end rate hikes if events allow.
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Heavy debt burdens of advanced economies a recurrent theme; bond vigilantes are back and Great Moderation over.
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Progress made on some debt restructuring deals like Zambia, but challenges remain for others like Sri Lanka.
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Lack of consensus meant no joint communique issued at end of IMF/World Bank meetings, reflecting global divisions.