16 Questions
What is the baseline forecast for global growth in 2023?
3.0 percent
What is the projected growth rate for advanced economies in 2024?
1.4 percent
What is the expected change in growth for Türkiye from 2022 to 2023?
1.5 percent decrease
What is the main challenge posed by divergent growth prospects across the world's regions?
Returning to prepandemic output trends
What is the suggested course for monetary policy to bring inflation to target?
Stay the course
What is needed to tackle soaring debts according to the text?
Fiscal consolidation
What are the three key areas that require strengthened multilateral frameworks and adherence to rules-based platforms for international cooperation?
Accelerating the green transition, increasing resilience to climate shocks, and improving food security
According to the forecast, what is the expected trend for global inflation from 2022 to 2024?
Decline steadily
What is the main factor contributing to the decline in global inflation as forecasted?
Tighter monetary policy aided by lower international commodity prices
In which year is inflation not expected to return to target in most cases?
2025
What is the key focus for monetary policy actions and frameworks at the current juncture?
To keep inflation expectations anchored
What is the role of near-term inflation expectations in inflation dynamics according to the empirical analysis?
Increasing role
According to the model-based approach, what is the impact of inflationary supply shocks when expectations are backward-looking?
Long-lasting
How can improvements in monetary policy frameworks help bring inflation back to target more quickly and at a lower output cost?
By better informing agents' expectations and complementing standard cyclical policies
What caused major commodity markets to fragment, as discussed in Chapter 3?
Russia’s invasion of Ukraine
What are the potential impacts of further disruptions in commodity trade, as discussed in Chapter 3?
Large swings in commodity prices, more volatility, and uneven impacts across countries
Test your knowledge of the World Economic Outlook for October 2023, including the baseline forecast for global growth, projections for advanced economies, and emerging market and developing economies.
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