- August 30, 2022
- Posted by: Stratford Team
- Category: Economy
The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point for the U.S.,” IMF First Deputy Managing Director Gita Gopinath cautioned.
IMF on US Economy and Global Inflation
The first deputy managing director of the International Monetary Fund (IMF), Gita Gopinath, discussed global inflation and the U.S. economy in an interview with Bloomberg Friday in Jackson Hole, Wyoming.
Responding to a question about whether global inflation has peaked, she said: “I think it’s too early to say. Yes, we have inflation almost everywhere. There are important exceptions, like China and Japan, but everywhere else we have high levels of inflation.” The IMF executive added:
There are global factors like energy prices and food prices that are driving it but there are also kind of more sticky components of inflation that are high.
On…
