
(Credit: Adobe Stock and IMF)
January 15, 2024/IMFBlog
By Jeff Kearns
![]() Global Economy to Slow Further Amid Signs of Resilience and China Re-openingThe fight against inflation is starting to pay off, but central banks must continue their efforts |
![]() Europe’s Inflation Outlook Depends on How Corporate Profits Absorb Wage GainsHigher prices so far mostly reflect increases in profits and import costs, but labor costs are picking up |
![]() Interest Rates Likely to Return Toward Pre-Pandemic Levels When Inflation is TamedHow close will depend on the persistence of public debt, on how climate policies are financed and on the extent of deglobalization |
![]() Resilient Global Economy Still Limping Along, With Growing DivergencesLikelihood of a soft landing has increased, but growth forecast is lowest in decades |
![]() Fossil Fuel Subsidies Surged to Record $7 TrillionScaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change |
![]() Higher-for-Longer Interest Rate Environment is Squeezing More BorrowersElevated inflation means central banks may have to keep policy rates higher in a way that stretches the capacity of borrowers to repay debt |
![]() Confronting Fragmentation Where It Matters Most: Trade, Debt, and Climate ActionFragmentation could make it even more difficult to help many vulnerable emerging and developing economies that have been hard hit by multiple shocks |
![]() Central Bank Digital Currency Development Enters the Next PhaseMany of the world’s monetary authorities are seeking more guidance on how best to pursue digital forms of central bank money |
![]() Global Debt Is Returning to its Rising TrendAlthough global debt recorded another significant decline in 2022, it is still high, with debt sustainability remaining a concern |
![]() Asia Poised to Drive Global Economic Growth, Boosted by China’s ReopeningChina and India together are forecast to generate about half of global growth this year |












