The world’s finance ministers and central bank governors will soon descend on Washington DC for the International Monetary Fund-World Bank spring meetings. They will fret about a mixed and tepid global growth outlook and gnash their teeth about looming economic forces. Then they will return home. The Washington DC economy will prosper because of it. The IMF’s World Economic Outlook should maintain a 3% purchasing power parity-weighted global growth handle. In January 2024, the Fund’s 2.1% US forecast anticipated firmness in US activity, well before many other economists. The Federal Open Market Committee’s dot plot ... (full story)