World Economic Outlook October 2023
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Questions and Answers

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?

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

What is the suggested course for monetary policy to bring inflation to target?

<p>Stay the course</p> Signup and view all the answers

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

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

What are the three key areas that require strengthened multilateral frameworks and adherence to rules-based platforms for international cooperation?

<p>Accelerating the green transition, increasing resilience to climate shocks, and improving food security</p> Signup and view all the answers

According to the forecast, what is the expected trend for global inflation from 2022 to 2024?

<p>Decline steadily</p> Signup and view all the answers

What is the main factor contributing to the decline in global inflation as forecasted?

<p>Tighter monetary policy aided by lower international commodity prices</p> Signup and view all the answers

In which year is inflation not expected to return to target in most cases?

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

What is the key focus for monetary policy actions and frameworks at the current juncture?

<p>To keep inflation expectations anchored</p> Signup and view all the answers

What is the role of near-term inflation expectations in inflation dynamics according to the empirical analysis?

<p>Increasing role</p> Signup and view all the answers

According to the model-based approach, what is the impact of inflationary supply shocks when expectations are backward-looking?

<p>Long-lasting</p> Signup and view all the answers

How can improvements in monetary policy frameworks help bring inflation back to target more quickly and at a lower output cost?

<p>By better informing agents' expectations and complementing standard cyclical policies</p> Signup and view all the answers

What caused major commodity markets to fragment, as discussed in Chapter 3?

<p>Russia’s invasion of Ukraine</p> Signup and view all the answers

What are the potential impacts of further disruptions in commodity trade, as discussed in Chapter 3?

<p>Large swings in commodity prices, more volatility, and uneven impacts across countries</p> Signup and view all the answers

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