The Visual Summary presents highlights, inclusive of a visual representation of the key points of the Economic Bulletin for July 2024. 

Global economic activity slowed in the second half of 2023 as tighter monetary policy restrained domestic demand in several countries. Many central banks in Advanced Economies (AEs) and Emerging Market and Developing Economies (EMDEs) adopted tighter monetary policies earlier in the year in an effort to ease inflationary pressures.

In 2022, inflation accelerated to highs not experienced in decades across several advanced economies, reflecting the impact of the Russia-Ukraine war on food and energy prices together with supply and demand imbalances caused by the COVID-19 pandemic.

The Visual Summary presents highlights, inclusive of a visual representation of the key points of the Economic Bulletin for January 2023.

Aggressive monetary tightening in response to surging inflation has contributed to a denting of global economic prospects. The Russia-Ukraine conflict has markedly increased global commodity prices, adding to existing inflationary pressures caused by supply chain disruptions and the release of excessive stimulus funds related to the COVID-19 pandemic.

The Visual Summary presents highlights, inclusive of a visual representation of the key points of the Economic Bulletin for July 2022. 

The global economic recovery continued during the second half of 2021, albeit at a slower pace than anticipated, as countries re-imposed containment measures amidst rising COVID-19 infections and the emergence of the Omicron variant.