IMF global economic outlook sees slight growth, but inflation still a drag

By WASHINGTON (AP) — Global growth will see a slight improvement compared to previous International Monetary Fund projections but “many challenges still cloud the horizon, and it is too early to celebrate,” the organization’s chief economist said Tuesday.IMF economist Pierre-Olivier Gourinchas gave his assessment as the organization projected that global economic growth will slow to…

Read More

The US economy is in for rollercoaster inflation and could be headed for an ultra-rare ‘full employment recession,’ BlackRock says

By The economy is in for rollercoaster inflation that could hurt corporate profits, BlackRock strategists said. They pointed to conflicting inflation pressures in the US, with prices falling though wages are rising. Markets are in a new regime of volatility that could bring on a “full employment recession,” they added. Loading Something is loading. Thanks…

Read More