Global economy 2023: Why central banks face an epic battle against inflation amid political obstacles
- Written by Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre, City, University of London
This could get ugly. Shutterstock/NataletadoWhere is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia’s invasion of Ukraine in February ramped up inflation.
Significant rises in the...