Development Committee The Managing Director's Written Statement April 2024

The global economy has been resilient and appears headed for a soft landing. Inflation continues to recede and risks have become more balanced globally. Nonetheless, medium-term growth prospects remain at the lowest level in decades and a smooth completion of the disinflation process should not be t...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund Strategy, Policy, & Review Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2024
Series:Policy Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 03113nmm a2200613 u 4500
001 EB002215294
003 EBX01000000000000001352255
005 00000000000000.0
007 cr|||||||||||||||||||||
008 240607 ||| eng
020 |a 9798400275753 
245 0 0 |a Development Committee  |b The Managing Director's Written Statement April 2024 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2024 
300 |a 5 pages 
653 |a Environmental Economics: General 
653 |a Inflation 
653 |a Environmental Conservation and Protection 
653 |a Economics 
653 |a Sustainable development 
653 |a Environmental Economics 
653 |a Development 
653 |a Political Economy 
653 |a Natural Disasters and Their Management 
653 |a Monetary economics 
653 |a Development economics & emerging economies 
653 |a Environment 
653 |a Deflation 
653 |a Green finance / sustainable finance 
653 |a Climate 
653 |a Industrial productivity 
653 |a Climate change 
653 |a Sustainable Development 
653 |a Disinflation 
653 |a Political economy 
653 |a Price Level 
653 |a Global Warming 
653 |a Macroeconomics 
653 |a Prices 
653 |a Monetary policy 
653 |a Monetary Policy 
653 |a Money and Monetary Policy 
653 |a Climate finance 
653 |a Energy: Government Policy 
653 |a Production and Operations Management 
653 |a Sustainable Development Goals (SDG) 
653 |a Climatic changes 
710 2 |a International Monetary Fund  |b Strategy, Policy, & Review Department 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a Policy Papers 
028 5 0 |a 10.5089/9798400275753.007 
856 4 0 |u https://elibrary.imf.org/view/journals/007/2024/027/007.2024.issue-027-en.xml?cid=549137-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a The global economy has been resilient and appears headed for a soft landing. Inflation continues to recede and risks have become more balanced globally. Nonetheless, medium-term growth prospects remain at the lowest level in decades and a smooth completion of the disinflation process should not be taken for granted. While the outlook for low-income developing countries (LIDCs) is improving, risks are tilted to the downside. The pace of convergence toward higher living standards has slowed, making it increasingly challenging to achieve the Sustainable Development Goals (SDGs). In the last mile of disinflation, central banks should ensure that inflation moves durably to target: they should neither ease policies prematurely nor delay too long and risk causing target undershoot. Fiscal policies need to rebuild budgetary room and ensure debt sustainability. Fostering faster productivity growth and facilitating the green transition are keys to improving long-term growth prospects. Multilateral cooperation is key to enhancing the resilience of the global economy in a more shock-prone world