Wednesday, September 20, 2023

Restoring Global Growth Will Be Challenging

©iStock/1st Step
The coming downturn is not inevitable, but restoring global growth will be extremely challenging.

The IMF’s World Economic Outlook and Global Financial Stability Report suggest a difficult road ahead, warning that “the fog around the world economic outlook has thickened.” The rapid succession of large interest-rate hikes by the U.S. Federal Reserve and other major central banks has caused public and private sector debts to increase to their highest levels in decades, enhancing the risk of financial instability. 

Can the current global economy avoid a lost decade?

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