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Global Economy Slows Amid Inflation and Geopolitics | Concord News
The global economy is cooling faster than expected, with inflation stubbornly high and interest rates climbing—making borrowing harder for everyone. The IMF’s latest forecast warns of slower growth, fueled by lingering pandemic supply chain woes, rising energy prices, and geopolitical tensions like the war in Ukraine. Businesses are tightening budgets, consumers are spending more cautiously, and the interconnectedness of global markets means disruptions ripple worldwide. While not a full-blown crisis, the situation demands smart policy and international cooperation to balance price control…
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