After COVID-19, the most vigorous fiscal and monetary response ever seen, regional wars, turbulence in energy and food markets, and the largest surge of inflation in decades, the world economy seems on its way to a soft landing. Inflation is approaching its target in major economies and is close to pre-pandemic levels. Monetary policy has already moved past its pivot, and policy easing is projected to continue. The October 2024 Fiscal Monitor offers important insights on public debt and deficits in the world economy. It focuses on medium-term prospects and risks. The bottom line now is the time for a strategic pivot in fiscal policy.
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World Economic Outlook: Policy Pivot, Rising Threats
ឯកសារពិគ្រោះ
ការិ. ស្រាវជ្រាវកិច្ចការសេដ្ឋកិច្ច
25-តុសា-2024
សេចក្តីរួម
The paper is divided into three main chapters as: (1) global prospects and policies, (2) the great tightening focusing on insights from the recent inflation episode, and (3) understanding the social acceptability of structural reforms.