Global economic prospects hang on a delicate balance, largely hinging on the path of inflation. While inflation looks to be easing, there remains the risk of a second wave of price pressures driven by geopolitical conflicts and supply disruptions in the Red Sea. Adding to this, a stronger than expected labor market could drive consumer demand, pushing up higher prices. This graphic shows 2024 inflation projections around the world, based on forecasts from the International Monetary Fund (IMF). Is Global Inflation On a Downward Path? In 2024, global inflation is projected to decline to 5.8%, down from a 6.8% estimated ... (full story)