The world economy has undergone a significant adjustment following two years of tight monetary policy. Economic growth is subdued by historical standards, labour markets are cooling, and measures of underlying inflation are steadily approaching target levels. […]

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Consensus forecasts of a sharp economic downturn did not materialize in 2023. Instead, global real GDP advanced by a healthy 3.1%. Entering the second quarter of 2024, broad-based macroeconomic resilience and steady progress on inflation continue to bolster the likelihood of a soft landing […]

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Given 2023 began with consensus forecasts calling for a recession, the year turned out to be a remarkable one for the global economy […]

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Inflation is slowing and recent readings of economic data confirm the global economy is on track for a healthy expansion in 2023 […]

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Forecasts of an imminent recession are difficult to reconcile with recent economic developments. Despite strong headwinds related to restrictive monetary policy and persistent inflation, the global economy has remained resilient […]

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The world economy is adjusting to a more restrictive policy environment. […]

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