HONG KONG -- Inflation is falling globally while growth remains steady, the International Monetary Fund said in an economic outlook update on Tuesday, attributing the development to a stronger-than-expected performance in the U.S. despite slowdowns in China and Japan.
Economy
IMF sees global inflation declining, downgrades China growth to 4.8%
U.S. economy is expected to expand by 2.8% as wage hikes lift consumption
A residential complex with units for sale in Huizhou, China. The IMF is warning of rising risks to growth if the country's property downturn drags on. © Reuters
Read Next
Latest on Economy
