HKS Affiliated Authors
Professor of the Practice of Public Policy, HKS; Professor of the Practice of Economics, FAS
Excerpt
Excerpt
April 9, 2024, Opinion: "The Peterson Institute for International Economics is projecting continued global growth in 2024 and 2025. Real global GDP is projected to increase 3.1 percent in 2024, matching its 2023 pace, and post a gain of 3.2 percent in 2025. However, inflation in most countries remains some distance above many central banks' targets, so most central banks are keeping interest rates high as they watch and wait for more disinflation. But financial conditions are not so restrictive as to lead to widespread recessions."