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Inflation is down, but politics and conflicts dim economic outlook

IMF blames lackluster global economy on slowing growth, potential trade wars and regional conflicts.

Tents pitched by homeless people near the IMF and World Bank headquarters. (AN/J. Heilprin)

WASHINGTON (AN) — Sluggish growth, cooling inflation and political angst. Those were the key themes as finance ministers and economists assembled this week to debate how best to steer the global economy.

“Notwithstanding the seeming calm, delegates behind the scenes will be filled with trepidation, aghast at the mounting global risks. Could Donald Trump win the presidency and what might that mean for multilateralism, interdependence and the U.S.’s role in the world?” former U.S. Treasury official Mark Sobel, now U.S. chairman of the Official Monetary and Financial Institutions Forum, asked in a blog post as the meetings began.

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