Economists around the world expect inflation rates to decline over the next three years, the Economist Survey, a quarterly survey conducted by the Ifo Institute and the Swiss Institute for Economic Policy, has concluded.

According to this poll, the global inflation rate will reach 5.0% in 2024, reach 4.4% next year, and 3.6% in 2027.

In the United States, inflation this year is expected to reach 3.2%, in the United Kingdom 4.3%, and in Ireland 3.0%, according to the Ifo Institute.

“Compared to last year, inflation expectations for this year are much lower,” says Niklas Potravki, a researcher at the Munich-based institute. Ifo adds that Germany will receive an interest rate of 3.4%.

According to the analysis, inflation expectations for 2024 are well below the global average in Western Europe (3.1%) and North America (3.2%); They are 0.2 and 0.1 percentage points lower compared to the last quarter survey.

For 2027, experts still expect inflation to reach 2.1% in Western Europe and 2.4% in North America.

Regions with particularly high inflation expectations include South America (29.1%) and large parts of Africa. 1,431 economists from 124 countries participated in the survey from December 7 to 21, 2023.