Summary
The International Monetary Fund (IMF) emphasized the importance of central banks remaining independent to maintain global economic stability. The IMF reported that global economic growth is projected at 3.3% for this year, with slight adjustments in future forecasts. Concerns about trade policies, artificial intelligence, and inflation remain, with the IMF warning of potential risks if central bank independence is compromised.
Key Facts
- The IMF stressed that central bank independence is crucial for economic stability and growth.
- Global economic growth is projected to be 3.3% in 2023, slightly higher than before.
- The UK economy is expected to grow by 1.4% in 2025, up from a previous prediction of 1.3%.
- Global inflation is predicted to decrease from 4.1% in 2025 to 3.4% in 2027.
- The IMF warned that over-optimistic expectations about AI growth could lead to market corrections.
- If trade tensions ease and AI investment grows sustainably, economic activity could increase.
- Jerome Powell, the Federal Reserve chair, faced a criminal investigation, linked to interest rate decisions.
- Central banks around the world showed support for Powell during this investigation.
