India, Oct. 15 -- "The global economy is in a strange place: we know more about the next seven years than the next seven days," BlackRock CEO Larry Fink wrote in the Financial Times in June. This is a useful prognosis for the global economy, where the leaders of the two largest economies keep threatening each other with holding back critical inputs and triple-digit tariffs. However, the ongoing Russian roulette in trade does not mean the larger economy has stopped evolving in its own ways. The World Economic Outlook (WEO) released by the International Monetary Fund (IMF) - arguably the most important institutional economic forecast - has drawn attention to this fact. WEO's short-term commentary is a harbinger of optimism, even if a cautio...
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