Global Economic Outlook

Barry Naisbitt (), Edmund Cornforth, Paula Bejarano Carbo (), Joanna Nowinska (), Ian Hurst (), Iana Liadze (), Hailey Low, Xuxin Mao and Patricia Sánchez Juanino

National Institute Global Economic Outlook, 2023, issue 9, 6-34

Abstract: The rapid increase in inflation in advanced economies since 2021 has had wide-ranging consequences. In the face of multi-decade highs in inflation rates central banks tightened monetary policy substantially last year, after over a decade of ultra-low policy interest rates, in order to restrain inflation and to indicate their commitment to restoring inflation to its target rate.

Date: 2023
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