PIIE projects global economy poised for soft landing

After growing 3.4 percent in 2022, the global economy is projected to expand 3 percent in 2023 and 2.8 percent in 2024. A soft landing in most countries is likely but not assured.
Analysis presented at the Peterson Institute for International Economics (PIIE) Fall 2023 Global Economic Prospects finds that 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…