Global Economic Prospects

After growing 3.1 percent last year, the global economy is set to slow substantially in 2023, to 2.1 percent, amid continued monetary policy tightening to rein in high inflation, before a tepid recovery in 2024, to 2.4 percent.

Key observation from the World Bank as of June 2023 on what it thinks is going to happen in the global economy for the next 18 months. Massive 180 page PDF, it is surprisingly readable, and these days with ChatGPT on hand to condense and summarise, we could all do with getting a better understanding of the macro economic conditions - and of the impact of the policy decisions made by our friends in the US Federal Reserve Board. Want to know why the recruiter job market is tough? It’s all in here.