The International Monetary Fund noted that the global economy has avoided a recession despite central banks raising interest rates to combat inflation, indicating stability.
Global output is expected to remain at 3.2 percent this year and next, while many countries continue to grapple with high debt and sluggish growth.
The looming threat of trade wars, particularly in relation to potential political developments in the U.S., poses significant risks to the global economy's stability.
Mark Sobel articulated concerns that if former President Donald Trump were to be reelected, it could greatly impact global multilateralism and lead to increased economic tensions.
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