Still Flashing Amber
by AIB Treasury Economic Research Unit
- Surging inflation combined with a marked tightening of monetary policy, amid an environment of weakening confidence levels and heightened geo-political tensions, especially in relation to Ukraine, saw the world economy slow sharply during 2022
- Nonetheless, significant risks remain to the economic outlook.
- Meanwhile, China’s expected economic rebound this year has underwhelmed, amid ongoing problems in the real estate sector and concerns about the stability of the financial system
- Thus, it is still too early to conclude the global economy will emerge largely unscathed from the substantial tightening of monetary policy seen in the past couple of years
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