World Economic Outlook, October 2023: Navigating Global Divergences
The latest World Economic Outlook reports signs that policy tightening is starting to cool activity despite core inflation proving persistent. Risks are more balanced as banking sector stress has receded, but they remain tilted to the downside.
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Volume/Issue:
Volume 2023
Issue 002
Publication date: October 2023
ISBN: 9798400235801
$50.00
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Topics covered in this book
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Exports and Imports , Finance , Inflation , Economics- Macroeconomics , International - Economics , global growth , inflation , economic projection , inflation expectations , monetary policy , geoeconomic fragmentation , commodity prices , inflation expectation , support disinflation effort , commodity market development , advanced economy , net lending , Emerging and frontier financial markets , Commodity markets , Global , Middle East and Central Asia , Caribbean , Sub-Saharan Africa , Africa
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Summary
The latest World Economic Outlook reports signs that policy tightening is starting to cool activity despite core inflation proving persistent. Risks are more balanced as banking sector stress has receded, but they remain tilted to the downside. Monetary policy should stay the course to bring inflation to target, while fiscal consolidation is needed to tackle soaring debts. Structural reforms are crucial to revive medium-term growth prospects amid constrained policy space.
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