World Economic Outlook October 2023 - ECO 109
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Questions and Answers

What is the projected global growth rate for 2024 according to the baseline forecast?

  • 3.5 percent
  • 4.0 percent
  • 2.9 percent (correct)
  • 1.5 percent

    • How does the projected growth rate for advanced economies in 2023 compare to the historical average?

  • Not mentioned in the text
  • Higher
  • Lower (correct)
  • Equal

    • What is the expected change in growth for Türkiye from 2022 to 2023?

  • Not mentioned in the text
  • Decrease from 4.0 to 3.0 percent (correct)
  • Increase from 5.5 to 4.0 percent
  • No change, remains at 5.5 percent

    • What is one of the challenges posed by divergent growth prospects across the world's regions?

    <p>Returning to prepandemic output trends</p> Signup and view all the answers

    What is suggested as needed to tackle soaring debts according to the text?

    <p>Fiscal consolidation</p> Signup and view all the answers

    What does the text suggest as necessary to bring inflation to target?

    <p>Staying the course on monetary policy</p> Signup and view all the answers

    What is the forecast for global inflation in 2024?

    <p>5.8 percent</p> Signup and view all the answers

    What is the key factor in keeping inflation expectations anchored at the current juncture?

    <p>Monetary policy actions</p> Signup and view all the answers

    What role do near-term inflation expectations play in inflation dynamics?

    <p>They play a significant role in inflation dynamics</p> Signup and view all the answers

    How does the chapter suggest that monetary policy frameworks can help bring inflation back to target?

    <p>By improving communication strategies</p> Signup and view all the answers

    What caused major commodity markets to fragment according to the text?

    <p>Geopolitical tensions</p> Signup and view all the answers

    What conclusion does Chapter 3 reach regarding commodity trade disruptions?

    <p>They would cause large swings in commodity prices and more volatility</p> Signup and view all the answers

    Why are commodities particularly vulnerable to fragmentation according to the text?

    <p>Due to concentrated production and hard-to-substitute consumption</p> Signup and view all the answers

    How will further fragmentation of commodity trade affect commodity prices according to the text?

    <p>It will cause large swings in commodity prices</p> Signup and view all the answers

    What is the timeline for most economies to return inflation to target, as per the text?

    <p>2025</p> Signup and view all the answers

    How does the chapter suggest monetary policy actions when dealing with persistently high inflation expectations?

    <p>Improving monetary policy frameworks and communication strategies</p> Signup and view all the answers

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