Davos January 18 2023: Headline inflation has probably peaked but some of “the more sticky components” such as the services sector are still trending up in some countries, Gita Gopinath, the International Monetary Fund’s No. 2 official, told Bloomberg TV, adding that 2023 will be a “tough year.”
The new IMF forecasts for the global economy, due at the end of the month, will be “in the ballpark of what we put out in October,” she said. “After going through about three rounds of downgrades at least we don’t have a worse outcome we’re looking at this time around.”
“While we have global growth bottoming out this year, it improves towards the second half of this year and then into 2024,” Gopinath added. “That’s because we’re seeing signs of resilience.”
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