The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund declared Tuesday. In its latest assessment of the global economy,

The International Monetary Fund projects global headline inflation will fall to 3.5% year over year by the end of 2025 from 5.8% in 2024 Rising market volatility was among the risks the agency highlighted to global growth A spike in commodity prices would especially hurt lower-income nations,

Near-term global financial risks are contained, but monetary policy easing could fuel asset price bubbles and markets might be underestimating risks posed by military conflicts and impending elections,