Global inflation should ease as world demand softens but risks of damaging deflation have increased in some G20 member economies, the International Monetary Fund said in a paper published on Wednesday.

Should growth turn out lower than expected, there is a risk that very large output gaps would lead to deflation in some countries, with damaging consequences where debt burdens remain high, the IMF said in a document presented at a G20 meeting in Mexico last week.

(Reporting By Lesley Wroughton; Editing by James Dalgleish)