monetary policy in 2023, even if the economic expansion was moderate. Inflation is now falling swiftly and monetary policy is … outlook will meaningfully improve in the near term. In the advanced economies, a high level of policy uncertainty is weighing … on growth while fiscal policy stimuli are waning. In China, economic momentum remains subdued due to structural problems …

In a situation with already elevated inflation, the war in Ukraine and the zero-covid policy in China have led to … more restrictive monetary policy stance. Against this backdrop, the outlook for global growth has weakened. We forecast …

policy measures in response. Assuming that the development of the pandemic allows a sustained broad-based easing of … containment policies, and thanks to massive support from monetary and fiscal policy, output is expected to rebound in the second …

. Monetary policy, which is being tightened very quickly in view of high inflationary pressure across the board, is now also …