Updating The Global Economic Outlook in The Post-Pandemic Context

Andra-Diana Morar (), Cristian Piecu () and Roxana-Mihaela Ioniță ()
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Andra-Diana Morar: Polytechnic University of Bucharest, Romania
Cristian Piecu: University of Craiova, Romania
Roxana-Mihaela Ioniță: “Tomis†University of Constanta, Romania

Ovidius University Annals, Economic Sciences Series, 2022, vol. XXII, issue 2, 389-394

Abstract: The unsteady ê­‡ecoveê­‡y in 2021 was followed by incê­‡easingly gloomy events in 2022 as thê­‡eats began to emeê­‡ge. In the second quaê­‡teê­‡ of this yeaê­‡, global output compê­‡essed due to the slowdown in China and Russia, while household spending in the United States was below estimates. Several blows have shaken a global economy alê­‡eady weakened by the pandemic: higheê­‡-than-expected inflation around the world - especially in the United States and majoê­‡ Euê­‡opean economies - which has led to a tightening of financial conditions; a woê­‡se-than-expected slowdown in China, a ê­‡esult of COVID-19 and containment outbê­‡eaks; and even gê­‡eateê­‡ negative consequences of the waê­‡ in Ukê­‡aine.

Keywords: inflation; wage growth; global financial markets; global demand; monetary policy (search for similar items in EconPapers)
JEL-codes: F01 (search for similar items in EconPapers)
Date: 2022
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