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In a situation with already elevated inflation, the war in Ukraine and the zero-covid policy in China have led to additional upward pressures on prices and reinforced the global supply chain problems. Real wages are declining in many countries, dampening personal consumption expenditures even...
Persistent link: https://www.econbiz.de/10013272051
The global economy held up better than expected in the face of the inflation shock and the massive tightening of …
Persistent link: https://www.econbiz.de/10014448401
In spring 2022, world economic growth came to a standstill amid high inflation, persistent supply bottlenecks and … economy has deteriorated further. We have, again, lowered our forecast and are now expecting global output to increase by only …
Persistent link: https://www.econbiz.de/10013435471
The global economy has expanded at a moderate pace so far this year. Meanwhile, the previously pronounced differences … States lost momentum, the economy in Europe picked up noticeably after a period of stagnation. At the same time, there are … sluggish. Against this backdrop, growth in world trade in goods resumed. The moderate global economic expansion is likely to …
Persistent link: https://www.econbiz.de/10014577736
episode took a very heavy toll on the real economy, we argue that this was not a surprising outcome. In particular, historical …
Persistent link: https://www.econbiz.de/10010273680
The global financial crisis of 2007-09 has led to an intensive research program analyzing a wide range of issues related to financial crises. This paper presents a summary of a forthcoming book, Financial Crises: Causes, Consequences, and Policy Responses, that includes 19 contributions...
Persistent link: https://www.econbiz.de/10010500233