The Director of the International Monetary Fund expects global growth to stabilize

WASHINGTON, January 11, 2017 (WAM) – Kristalina Georgieva, Director of the International Monetary Fund, said that the Fund expects global growth to stabilize and inflation to continue to decline when it issues its report on the global economic outlook on January 17.
She added that the US economy is progressing “much better” than expected, despite the increasing uncertainty regarding the trade policies of the administration of President-elect Donald Trump, which increases the difficulties facing the global economy and pushes long-term interest rates to rise.
She said that with inflation approaching the target set by the Federal Reserve (the US central bank) and data showing the stability of the labor market, the “Council” may wait for more data before making any cut in interest rates.
She added that interest rates in general are expected to remain “higher for a period of time.”
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