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The dichotomy between economic activity and prices that marked the start of the cycle of global monetary tightening has shifted, now presenting greater balance between the two variables. However, this is subject to an increasingly challenging and tense environment on the geopolitical side, specifically the risk of an additional obstacle with the spike in energy prices due to the current conflict in the Middle East.
Against this backdrop, MAPFRE Economics is raising its growth forecast for the global economy by two tenths in 2023, to 2.9%, and is lowering it by one tenth in 2024, to 2.2%. That is what is shown in the report Economic and Industry Outlook 2023: Outlook for the Fourth Quarter, prepared by MAPFRE Economic Research and published by Fundación MAPFRE...
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