Is the IMF getting it right about the world economy?

Is the IMF getting it right about the world economy?

Tuesday, 7 February 2023

Funcas Europe

Hello Future is blue readers,

Is the IMF getting it right with its latest predictions about the world economy? According to its latest global outlook, the world economy will slow this year as central banks continue to raise interest rates to tame inflation, but the Fund has also suggested that output would be more resilient than previously thought. A global recession will probably  be avoided this year.

We have asked Sander Tordoir, Senior Economist at the Centre for European Reform, and Raymond TorresFuncas Europe Director, to share with us their views on the IMF's predictions. You can find more info on our latest podcast episode hosted by Carlos Carnicero Urabayen below.

On top of the usual section with our recommended readings, we are also sharing with you today some exciting news about our collaboration with the Centre for European Reform (CER)

New collaboration launched between Funcas Europe and the Centre for European Reform

In order to grow our audience and bring to you some world class analysis and insights on European economic affairs, we have agreed with the Centre for European Reform to regularly collaborate on the Future is Blue podcast. Once every two months, we will be asking an analyst from CER to discuss with us the most pressing economic issues on the agenda.

The Centre for European Reform is an award-winning, independent think-tank that seeks to achieve an open, outward-looking, influential and prosperous European Union, with close ties to its neighbors and allies. You can read more about the CER and their latest publications in their website. 

New podcast episode available!

In today's Future is Blue podcast episode, the first of a joint series by Funcas Europe and the Centre for European Reform, we cover the following key aspects of the IMF's latest report:

  • Why is the world economy doing better than expected?
  • What's the likely course of monetary policy in Europe in 2023?
  • What are the key risks that can challenge the IMF's outlook?
  • Is the energy crisis under control in Europe?
  • Why is the UK the only advanced economy set for recession this year? 

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What we are reading

Europe needs to dial down its anxiety over the inflation reduction act
"There is a whiff of unrealism and hypocrisy about European complaints regarding the IRA", claims CER's Zach Meyers.

Can the EU keep up with the US on green subsidies?
The huge incentives in the Inflation Reduction Act are provoking a debate in Europe with ramifications for the entire single market.

IMF raises global growth forecasts for 2023 and other economy stories you need to read this week
Good overview of the IMF's recent report on the world economy in 2023.

Preparing for the next winter: Europe’s gas outlook for 2023
Timely analysis of the two pillars of EU's energy security: LNG supply and the nature and volume of natural-gas demand reductions.

Have a nice week

Raymond Torres
Funcas Europe Director


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