OPINION/EDITORIAL

Resilient Global Economy Still Limping Along, With Growing Divergences

(Credit: IMF) October 10, 2023/IMFBlog By Pierre-Olivier Gourinchas For a breakdown of country-by-country growth projections, visit the blog here. The global economy continues to recover from the pandemic, Russia’s invasion of Ukraine and the cost-of-living crisis. In retrospect, the resilience has been remarkable. Despite war-disrupted energy and food markets and […]

Uncertainty Spikes In Oil Markets As Israel Goes To War With Hamas

October 10, 2023/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices have been buoyed by the Hamas attack on Israel, with a heightened geopolitical risk premium in markets and growing concerns that the U.S. will double efforts to stem Iranian oil flows. Despite the price rise, uncertainty remains in oil markets as […]

Higher-for-Longer Interest Rate Environment is Squeezing More Borrowers

(Credit: Mongkolchon/Adobe Stock) October 10, 2023/IMFBlog By Tobias Adrian The world’s central banks have unleashed the steepest series of interest-rate increases in decades during their two-year drive to tame inflation—and they may not be done yet. Policymakers have raised rates by about 400 basis points on average in advanced economies […]