The International Monetary Fund (IMF) stated that the global battle against inflation has largely been achieved, while warning that escalating regional conflicts, particularly in the Middle East, could pose risks to commodity markets.

In its report on global economic outlook, the IMF projected that inflation would decline to 3.5% by the end of next year, after peaking at 9.4% in the third quarter of 2022.

This level indicates a decrease in inflationary pressures in most countries, with expectations for global growth stabilizing, slowing from 3.3% in 2023 to 3.1% by 2029, without significant changes from previous forecasts.