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IMF Predicts Global Inflation Rate to Rise 40 bps if Oil Prices Surge 10% for Yr
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The global inflation rate will increase by 40 bps, and economic growth will slow by 0.1-0.2%, if energy prices rise by 10% for a year, said Kristalina Georgieva, President of the International Monetary Fund (IMF). Georgieva urged member countries to take decisive actions to improve financial conditions and closely monitor price and exchange rate trends. AAStocks Financial News |
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