- Analytics
- News and Tools
- Market News
- IMF’s Gourinchas: 10% Oil price rise would dampen 2024 global output, boost inflation by about 0.4%
IMF’s Gourinchas: 10% Oil price rise would dampen 2024 global output, boost inflation by about 0.4%
International Monetary Fund chief economist Pierre Gourinchas said on Tuesday, the “IMF research indicates a 10% increase in oil prices would weigh down on global output by about 0.2% in the following year, boost global inflation by about 0.4%.”
Additional takeaways
Inflation remains 'uncomfortably high,' bringing near-term expectations down is critical.
Multilateral cooperation can help reverse headwinds for the global economy; countries should aim to avoid geoeconomic fragmentation.
IMF is monitoring the situation in Israel, Gaza very carefully, too early to assess the economic impact.
We hope for a rapid de-escalation of Israeli-Palestinian conflicts and an end to the violence.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
