and rising inflation, which has contributed to declining monetary policy space, adding to the difficulties posed by … targeted, and central banks may need to raise interest rates if inflation expectations start to increase. Improving policy …

-than-expected global financial conditions, possible deanchoring of inflation expectations, a sharper slowdown in China, and new pandemic … shocks, amid high debt and inflation. Given divergent outlooks, policies will need to be calibrated carefully to country …

. Inflation is broadly easing, in line with globally declining price pressures, although country-specific factors … essential in several economies to durably bring down inflation and ensure public debt sustainability …

inflation, reduce vulnerabilities, and rebuild buffers start to dent economic activity in many countries, and agreed oil … production cuts curb growth in oil exporters. Inflation is projected to remain persistent. The outlook for Caucasus and Central … inflation without triggering financial stress and excessive tightening and continue to provide targeted fiscal support to …

growth in 2008, and the short-term outlook is generally favorable. However, inflation has emerged as a key issue, and while …