Russia's withdrawal from the deal is likely to increase food prices, IMF

Russia’s withdrawal from the deal is likely to increase food prices, IMF

International organizations have expressed concern over Russia’s decision to withdraw from the Ukraine grain agreement. On the Russian decision, the International Monetary Fund (IMF) has expressed fear of an increase in global food prices. In this regard, the IMF says that Russia’s withdrawal from the Ukraine grain agreement will seriously damage global food security. A…

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IMF lowers global economic growth outlook as ‘fog thickens’

IMF lowers global economic growth outlook as ‘fog thickens’

Global inflation is also heading down, signalling that the tightening of monetary policy through major interest rate rises is bearing fruit, though more slowly than initially anticipated, said the IMF’s Director of Research, from 8.7 percent last year to seven percent this year, and 4.9 percent in 2024. Gradual recovery ‘remains on track’ Pierre-Olivier Gourinchas said…

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