Global Inflation due to changes in Monetary Policy
The prediction is that the world’s growth will slow down over the next few years. It’s expected to go from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024. This is lower than the average growth we’ve seen between 2000 and 2019, which was 3.8 percent. Advanced countries like the US and Europe will see slower growth, while developing countries will also experience a slight dip. Inflation worldwide is also expected to decrease gradually due to changes in monetary policy and lower prices of goods. However, it might take until 2025 for inflation to reach the desired target in most places.
International Monetary Fund (IMF)
International Monetary Fund (IMF) is an international financial institution established in 1944 with the primary goal of promoting global monetary cooperation, ensuring exchange rate stability, facilitating the balanced growth of international trade, and providing resources to help member countries facing balance of payments problems.
In this article, we will discuss the International Monetary Fund (IMF), the origin of the IMF, its controlling bodies, its objective, and its functions along with India’s relations with the IMF.
Table of Content
- What is the International Monetary Fund (IMF)?
- Formation of the International Monetary Fund (IMF)
- Organizational Structure of the International Monetary Fund (IMF)
- Objectives of the International Monetary Fund (IMF)
- Functions of the International Monetary Fund (IMF)
- India’s Relations with the International Monetary Fund (IMF)
- Global Inflation due to changes in Monetary Policy
- International Monetary Fund (IMF) UPSC
Contact Us