London CNN —
High inflation has mostly been defeated around the world, the International Monetary Fund said Tuesday, providing a surprisingly upbeat assessment on prices after warning only three months ago that progress on reducing inflation had stalled.
“It looks like the global battle against inflation has largely been won, even if price pressures persist in some countries,” the IMF said in its latest World Economic Outlook. “In most countries, inflation is now hovering close to central bank targets… The decline in inflation without a global recession is a major achievement,” the fund added, cautioning, however, that
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