The five global economic shifts happening now
As uncertainty and inflation challenge central bankers and policymakers, they must also adapt to structural changes.
At the Jackson Hole economic symposium last week, central bankers were under no illusion about inflation. Its threat persists, they said, and its outlook is complicated by structural shifts in the global economy.
Normally, the latter argument is simple to dismiss because officials always complain that their period in office is marked by unusual uncertainty. In 2023, however, they have a point. There are five important shifts happening in the global economy right now.
Financial Times
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