IMF chief economist warns inflation could stay high until 2025

WASHINGTON -The underlying drivers of historically-high global inflation could persist until 2025, the International Monetary Fund's chief economist told AFP on Tuesday. Prices around the world have surged since the rapid reopening of the global economy after the Covid-19 pandemic. Inflation was further fueled by Russia's invasion of Ukraine last year, which caused commodity prices to spike. "Inflation is still with us," Pierre-Olivier Gourinchas said in an interview in Washington, shortly after the IMF raised its forecast for inflation this year to 7 percent. Despite an aggressive, concerted, campaign by central banks to slow price increases by raising interest rates, inflation...Keep on reading: IMF chief economist warns inflation could stay high until 2025

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