International Monetary Fund Managing Director Kristalina Georgieva said, ‘The worst is yet to come’ (AP)

High inflation darkens global economic outlook

Another poor inflation report from the US last week is likely to keep the Federal Reserve raising interest rates at a rapid pace. This could help spur the rise in the US dollar, further increasing the cost of imports and debt servicing for many countries. Major energy producers are limiting supply, fueling price pressures and …

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