Inflation Could Steer Global Economic Recovery into Trouble: IMF
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The devil's in the details on this one. On Tuesday, the International Monetary Fund lowered its 2021 growth forecast for the world economy to 5.9%, barely down a fraction from its 6% projection in July. It seems like no big deal.
But then there's the fine print: a warning that inflation could derail recovery, not to mention that the 0.1% decrease in growth will hit the world's richest economies especially hard. So, yeah, still a big deal.
Source Fool.com
