IMF declares victory over inflation, boosts US economic outlook ...Middle East

International Monetary Fund (IMF) officials sounded a death knell for the post-pandemic inflation Tuesday and raised projections for U.S. economic performance, placing the U.S. at the center of the global growth outlook among advanced economies. The IMF sees real gross domestic product (GDP) increasing by 2.8 percent this year, up from a forecast of 2.6 percent made in July. For 2025, the IMF expects growth of 2.2 percent, up from an earlier expectation of 1.9 percent.  “In most countries, inflation is now hovering close to central bank targets,” IMF research director Pierre-Olivier Gourinchas said at a press conference Tuesday. Inflation has eased toward the Federal Reserve’s ta

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