IMF World Economic Outlook April 2023

Overview The outlook is uncertain again amid financial sector turmoil, high inflation, ongoing effects of Russia’s invasion of Ukraine, and three years of COVID The baseline forecast is for growth to fall from 3.4 percent in 2022 to 2.8 percent in 2023, before settling at …

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Is a Credit Crunch and a Recession Imminent?

Photo: The New York Public Library on Unsplash It certainly looks like it is. The soft landing forecasted by the policymakers now seems more remote. The focus on inflation as the primary concern shifted to the soundness of the financial system. Yet, the Federal Open Market Committee’s March rate decision to increase only 25 basis …

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