Inflation
High inflation has mostly been defeated around the world, the International Monetary Fund said Tuesday, providing a surprisingly upbeat assessmenton prices after warning only three months ago that progress on reducing inflation had stalled. "It looks like the global battle against inflation has largely been won, even if price pressures persist in some countries," the IMF said in its latest World Economic Outlook. The agency thinks global inflation will slow to 5.8% this year and fall to 3.5% by the end of next year. The rosy outlook on consumer prices comes less than two weeks before the US election, with inflation a key issue for voters. Meanwhile, at least 23 Nobel Prize-winning economists recently signed a letter that called Kamala Harris' economic agenda "vastly superior" to the plans laid out by Donald Trump.
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