IMF's Chief Economist Pierre Olivier Gourinchas
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Pierre Olivier Gourinchas
The International Monetary Fund (IMF) says while the global growth outlook saw a marginal increase, risks to growth remain present.
The IMF's Chief Economist Pierre Olivier Gourinchas says there could be some headwinds relating to commodity prices.
This, he says, is due mainly to increasing climate and geopolitical shocks, which would represent a serious risk to the disinflation strategy.
"Between June and September oil prices have increased by about 27 per cent on the back of extended supply cuts from OPEC plus countries before falling back more recently by about 8 per cent. Food prices remain elevated and could be disrupted further by an escalation of the war in Ukraine. Geo-economic fragmentation has also led to a sharp increase in the dispersion in commodity prices across regions including critical minerals."
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