The Global Economy Will Soft Land. The International Monetary Fund or IMF is very confident that the global economy will experience a soft landing following signals that central banks will cut interest rates. This belief was expressed by IMF Managing Director Kristalina Georgieva at the World Government Summit in Dubai. She added that interest rates will start to fall in mid-2024.
Regarding the prospect of lower interest rates in the largest economies such as the United States, she added that interest rates will move in the same direction as inflation.
On the other hand, she also warned to anticipate the unexpected after the Covid-19 pandemic. In addition, a prolonged war between Israel and Hamas will have an impact on the global economy.
The Global Economy Will Soft Land. She cited the risk of the impact of tensions in the Red Sea and attacks on ships passing through it, which had the potential to spread to other sectors.
