• China's expected 5.5% GDP growth in 2023 will contribute 1 point towards global growth, … • … however, the spillover to the rest of the world through import demand will be limited. • Pent-up consumption demand will be mainly in domestic services. • The likely tepid fixed asset investments cap

Reduced gas usage in Europe has helped ease demand pressures on gas prices, leaving the region somewhat less concerned about high energy prices in 2023. Growth and inflation in Hungary are expected to slow markedly in 2023, while monetary policy looks set to remain tight.

February's edition of the Digital Finance Download. A Monthly Update of significant developments in digital finance around the globe.

Peru’s political and social crisis has continued, undermining governability. Social tensions sprout from idiosyncratic institutional fragilities. While macroeconomic policies have remained remarkably unscathed, we have downgraded our 2023-24 growth forecasts following recent developments.

Just Energy Partnerships—launched at COP26 to help emerging economies shift to clean energy—aim to mobilize international public and private capital to accelerate electrification in emerging and developing economies. Most existing JETP funding commitments are from traditional development finance institutions, including multilateral development banks (MDBs). However, a key goal of JETPs is to leverage public funding to catalyze private capital.

One of the biggest questions facing markets is how quickly US inflation will slow. This will determine the pace and extent of future Federal Reserve ...

Fiscal consolidation plans were affirmed, but spending targets are too optimistic. A host of tax relief measures were provided to households and businesses, while, the planned takeover of Eskom’s debt by government, offers hope for electricity supply.

Last September we highlighted Ecuador as one of the very few frontier markets where the economic outlook was not bleak.

The February 2023 edition of the Global Regulatory Update provides targeted updates on current workstreams and events.

This report analyzes the determinants of inflation in Egypt, with emphasis on currency movements. Our model suggests that roughly 30% of currency movements are passed on to domestic prices. This finding is important given Egypt's high inflation and recent currency depreciation.

Last week we discussed trends in US inflation since the early 1900s. Over this timeframe there have been at least six major inflation shocks. We oft...

The nominal USD value of global debt declined by some $4 trillion to slightly below $300 trillion in 2022. Helped by stronger growth and inflation, global debt/GDP fell again in 2022 – but is still above pre-pandemic levels.

This week’s Digital Finance Developments discusses data sharing frameworks, exploring the financial industry’s experience supporting societal values of good data stewardship, privacy protection, and risk management, and how that could inform robust data sharing frameworks if leveraged appropriately.

We expect China’s GDP growth to rebound to 5%-5.5% this year, thanks to reopening and a low base last year. However, weaker exports, depressed housing, and tight local government finance are strong headwinds.