The IMF’s baseline projections

The IMF’s baseline projections

Modest growth of around three percent Inflation stabilising near five Describe an economy that is standing upright, not one that can sprint. Growth at this level restores lost ground; it does not build shock absorbers. It does not generate enough fiscal space to respond generously to disasters, invest aggressively in climate adaptation, and protect living standards simultaneously. This is where the conversation becomes politically inconvenient. …