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IMF chief says global inflation will fall to 3.8% | The Express Tribune
The government has agreed to the need for a mini-budget if revenues fall short of expectations by end-December 2025, according to the IMF. Photo: file
DUBAI:
Global inflation is expected to fall to 3.8% this year and to 3.4% in 2027, helped by softer demand and lower energy prices, the IMF chief said on Monday.
Managing Director Kristalina Georgieva said in a speech at the Annual Arab Fiscal Forum in Dubai that global growth has held up “remarkably well” amid profound shifts in geopolitics, trade policy, technology and demographics.
Georgieva also called for more trade integration as unilateral trade agreements are seen on the increase. “In the world of trade fragmentation, more trade integration is absolutely paramount.”
“What we have seen this year is that trade did not go down the way we feared it would. In fact trade is growing slightly slower than global growth,” she added.
Georgieva said Arab economies were expected to grow by 3.7%, driven by increased oil production and the continued recovery of non-oil sectors, reflecting improved regional economic performance despite global challenges.
In her opening address at the Arab Fiscal Forum, she noted that the global economy was projected to grow by around 3.2% this year, exceeding previous expectations, supported by stronger global demand and easing financial pressures in several major economies.
President Donald Trump said he’s considering sending the National Guard to U.S. airports, two days after the administration deployed Immigration and Customs Enforcement agents to several major U.S. airports following hourslong waits for travelers because of the partial government shutdown.
In a Truth Social post Wednesday, Trump blamed Democrats for the shutdown, which began Feb. 14.
“Thank you to our great ICE Patriots for helping. It makes a big difference,” he wrote in his post. “I may call up the National Guard for more help.”
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Monday, March 23, 2026.
Elijah Nouvelage | Bloomberg | Getty Images
More than 11% of TSA officers called out on Wednesday and over 450 have quit since the shutdown started, the Department of Homeland Security said.
Elevated absences of Transportation Security Administration officers, who are required to work though they’re not getting paid during the shutdown, have contributed to long lines at major U.S. airports, including in Atlanta, Houston and New York.
The DHS, which oversees both ICE and and the TSA, said the ICE agents will “support airports facing the greatest strain” but the department didn’t respond to requests for comment on what the ICE agents’ duties are. ICE agents are getting paid in the shutdown.
Airlines have been warning customers about potentially long security lines, while executives grow increasingly frustrated with lawmakers about the impasse. On Tuesday, Delta Air Lines said it suspended its airport escorts and other special services for members of Congress and their staff because of the ongoing partial shutdown of the DHS.
The shutdown comes as Democrats in Congress have demanded changes to how federal immigration enforcement operates in exchange for releasing DHS funding after two U.S. citizens were shot and killed by ICE officers in Minneapolis.
Low-income families are being offered help with the cost of food during the Easter holidays.
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