Progress in quelling inflation is more pronounced for advanced economies such as the U.S., while it will take longer for countries in the Middle East and Sub-Saharan Africa, which are still struggling with double-digit price increases, the International Monetary Fund's chief economist said on Tuesday.
Pierre-Olivier Gourinchas also told a news conference that risks of a U.S. recession are now diminished, as the U.S.' strong economic performance is being powered by improvements in productivity and labour supply due to an influx of immigrants.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Mahama Ayariga: NDC MPs ready to return if Speaker issues recall
42 seconds -
I aim to make life easier for Ghanaians if elected as President – Bawumia
3 mins -
Answer to Parliament’s impasse lies at the Supreme Court – Dr Asah-Asante
11 mins -
We need negotiated settlement to resolve standoff in Parliament – Dominic Ayine
39 mins -
Today’s front pages: Wednesday, October 23, 2024
48 mins -
NPP Minority staged a walkout, let the records reflect so – Francis-Xavier Sosu
56 mins -
We’ll trigger a recall of Parliament – Afenyo-Markin announces
2 hours -
‘The presidency is no more valued as it used to be’ – Hassan Ayariga
2 hours -
WAEC assures efforts are underway to release withheld BECE results
2 hours -
Bawumia vows to address youth unemployment through digital economy initiatives
2 hours -
Claim for parliamentary majority: Haruna Iddrisu says there is a constitutional stalemate
2 hours -
‘Diplomacy is key’ – Speaker Bagbin’s handling of Parliament praised by Tony Aidoo
2 hours -
Women at the top will boost world peace – Kristalina Georgieva
2 hours -
Let us use industry forum to promote cybersecurity culture – Ursula Owusu-Ekuful
2 hours -
Negotiation is part of politics, not zero-sum games – Tony Aidoo criticises Afenyo-Markin’s attitude
3 hours