IMF
Audio By Carbonatix
Progress in quelling inflation is more pronounced for advanced economies such as the U.S., while it will take longer for countries in the Middle East and Sub-Saharan Africa, which are still struggling with double-digit price increases, the International Monetary Fund's chief economist said on Tuesday.
Pierre-Olivier Gourinchas also told a news conference that risks of a U.S. recession are now diminished, as the U.S.' strong economic performance is being powered by improvements in productivity and labour supply due to an influx of immigrants.
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