by Cory Smith
The National News Desk
(TNND) — The world’s “battle against inflation is almost won,” an official with the International Monetary Fund said Tuesday.
Pierre-Olivier Gourinchas, the economic counselor and the director of research of the IMF, said they’re projecting that worldwide inflation will fall to 3.5% by the end of next year.
World inflation is now 5.8% after peaking at 9.4%.
In the U.S., we’re already under 2.5% inflation.
“Now, the decline in inflation without a global recession is a major achievement,” Gourinchas said at a news conference for the IMF’s World Economic Outlook.