US-driven global growth faces risks from high inflation and tight monetary policy.
US economic growth, driving global expansion, may be threatened by high inflation and tight monetary policy, creating new risks to the hoped-for "soft landing" internationally. As global financial leaders gather for IMF and World Bank meetings, the focus lies on whether US success is due to constructive forces like labor supply and productivity or outsized fiscal deficits, which could fuel inflation. Persistent inflation and monetary policy could derail the US-driven global growth.
April 15, 2024
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