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PIIE projects global economy poised for a soft landing
The Peterson Institute for International Economics (PIIE) today announced its Fall 2023 Global Economic Prospects, projecting that a soft landing is likely but not assured for the global economy. After growing 3.4 percent in 2022, global GDP will expand 3 percent in 2023 and 2.8 percent in 2024. "While inflation appears to be receding in most countries, it remains decidedly above central bank targets. As a result, most central banks will need to keep their policy rates high over the coming year, with the resulting tight financial conditions holding back demand and slowing economic activity. However, the ... (full story)