What is U.S. Treasury Secretary Scott Bessent's assessment of the IMF and World Bank's recent forecasts on global growth and inflation?

Bessent said the IMF and World Bank had 'probably overreacted' to the war in the Middle East in cutting global growth forecasts and raising inflation projections, though he acknowledged 'we'll see' whether those adjustments prove justified.

According to Bessent, why does he believe the U.S. will recover from higher prices faster than some other countries?

Bessent argued that unlike certain European and Asian countries adopting consumer or industrial subsidies—which he warned could increase borrowings or lengthen inflationary impacts—the U.S. will 'cycle through higher prices very quickly.'

Bessent Disparages IMF, World Bank Forecasts, Says U.S. Will Quickly Cycle Through Higher Prices

Apr 14, 2026

U.S. Treasury Secretary Scott Bessent criticized IMF and World Bank inflation forecasts driven by Middle East war energy spikes, asserting U.S. resilience while noting the World Bank's policy shift on nuclear power projects.

reuters

2026-04-14

Bessent Disparages IMF, World Bank Forecasts, Says U.S. Will Quickly Cycle Through Higher Prices

Bessent Disparages IMF, World Bank Forecasts, Says U.S. Will Quickly Cycle Through Higher Prices

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