World Economic Outlook, October 2024: Policy Pivot, Rising Threats
The latest World Economic Outlook reports stable but underwhelming global growth. As global disinflation continues to progress, and cyclical imbalances decline, the balance of risks is tilted to the downside.
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Volume 2024
Issue 002
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Exports and Imports , Finance , Inflation , Labor , Economics- Macroeconomics , global growth , inflation , economic projection , risk scenarios , monetary policy , social acceptability of structural reforms , inflation expectation , commodity market development , advanced economy , debt restructuring process , growth resilience , Emerging and frontier financial markets , Labor markets , Global , Middle East and Central Asia , Caribbean , Sub-Saharan Africa , Middle East
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Summary
The latest World Economic Outlook reports stable but underwhelming global growth, with the balance of risks tilted to the downside. As monetary policy is eased amid continued disinflation, shifting gears is needed to ensure that fiscal policy is on a sustainable path and to rebuild fiscal buffers. Understanding the role of monetary policy in recent global disinflation, and the factors that influence the social acceptability of structural reforms, will be key to promoting stable and more rapid growth in the future.
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