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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (149218)4/11/2023 9:18:50 AM
From: Goose94Read Replies (1) of 202930
 
HUV-T: IMF Sees Fading Path To A Soft Landing

The Int'l Monetary Fund says the prospect for a soft landing for the global economy isn’t looking too hot at this juncture. In its latest World Economic Outlook, the IMF says a combination of stubbornly high inflation and banking sector turmoil as a result of higher rates aimed at combating said inflation, are dimming the prospect of that desired outcome, and will likely result in lower-for-longer economic output – what the IMF describes as the lowest medium term forecast in decades. As for Canada, the IMF is expecting lukewarm growth over the next year and a half, albeit no more tepid than its last outlook – unchanged at 1.5 per cent for both 2023 and 2024, which isn’t great, but still exceeds the 1.3 and 1.4 per cent views for growth in advanced economies overall.

BNN.ca
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