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IMF chief says global inflation to fall, trade integration is needed

The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington. — Reuters
 
The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington. — Reuters

DUBAI: Global inflation is ‌expected to fall to 3.8% this year and to 3.4% in 2027, helped by softer demand and lower ​energy prices, the IMF chief ‌said on Monday.
Managing Director Kristalina Georgieva said in a speech in the ‌Annual Arab Fiscal ‍Forum in ‌Dubai that global ‍growth has held up 'remarkably well' amidst profound shifts in geopolitics, trade ⁠policy, technology and demographics.
Georgieva also called for more trade integration as unilateral trade agreements are seen on ⁠the increase.
'In the world of ⁠trade fragmentation, more trade integration is ⁠absolutely ‍paramount'.
'What ‌we have seen this year is that trade did not go down the ‌way we feared it would. In fact, trade is growing slightly slower than global growth,' she added. — Reuters