Chart of the Week: Tracking the Global Economy’s Biggest Challenges

Chart of the Week: Tracking the Global Economy's Biggest Challenges

A look back at the most-read blogs of the year, highlighting the pressing issues for the global economy

As we reflect on the past year, it is evident that the global economy has faced numerous challenges. From inflation and economic growth to housing, food prices, globalization, and climate change, policymakers have grappled with complex issues that have far-reaching implications. In this article, we delve into the most-read Chart of the Week blogs from last year, which provide valuable insights into these pressing concerns. By examining these visualizations, we gain a deeper understanding of the hurdles that policymakers have faced and may continue to confront in the year ahead.

Europe’s Inflation Outlook Depends on How Corporate Profits Absorb Wage Gains

(June 26, 2023)

In this blog, we explore the inflation outlook in Europe and its dependence on how corporate profits absorb wage gains. While higher prices have largely reflected increases in profits and import costs, labor costs are also picking up. By examining the relationship between corporate profits, wages, and inflation, we gain valuable insights into the factors shaping Europe’s economic landscape.

Fossil Fuel Subsidies Surged to Record $7 Trillion

(August 24, 2023)

Scaling back fossil fuel subsidies not only has the potential to reduce air pollution but also generate revenue and make a significant contribution to slowing climate change. In this blog, we delve into the staggering surge in fossil fuel subsidies, reaching a record $7 trillion. By understanding the implications of these subsidies, we can better comprehend the challenges policymakers face in transitioning to a more sustainable future.

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World Economic Outlook Shows Economies Facing High Uncertainty

(April 19, 2023)

The world economy has been grappling with high uncertainty, as revealed by our economic forecasts. This blog brings together the insights from the Chart of the Week, highlighting weaker growth amid an uncertain outlook with high downside risks. By examining the factors contributing to this uncertainty, we gain a clearer understanding of the challenges faced by economies worldwide.

Asia Poised to Drive Global Economic Growth, Boosted by China’s Reopening

(May 1, 2023)

China and India, two economic powerhouses, are forecasted to generate about half of global growth this year. In this blog, we explore how Asia is poised to drive global economic growth, particularly with China’s reopening. By analyzing the factors contributing to Asia’s economic momentum, we gain valuable insights into the region’s potential and its impact on the global economy.

House Prices Continue to Fall as Borrowing Costs Rise

(March 15, 2023)

The housing market has experienced significant fluctuations, with house prices continuing to fall as borrowing costs rise. This blog delves into the implications of rising interest rates on property markets and the potential for greater stability when central banks slow or pause their campaign of raising rates to tame inflation. By examining these dynamics, we gain a deeper understanding of the challenges faced by homeowners and the broader economy.

Charting Globalization’s Turn to Slowbalization After the Global Financial Crisis

(February 8, 2023)

Trade openness increased after World War II but slowed following the global financial crisis. In this blog, we explore the concept of “slowbalization” and its impact on globalization. By examining the factors that have contributed to this shift, we gain valuable insights into the challenges faced by policymakers in navigating an evolving global trade landscape.

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Global Food Crisis May Persist, With Prices Still Elevated After Year of War

(March 9, 2023)

International organizations have repeatedly called for rapid action on food and nutrition security as the global food crisis persists. In this blog, we delve into the factors contributing to elevated food prices, even after a year of war. By understanding the complexities of the global food system, we gain a deeper appreciation for the challenges faced by policymakers in ensuring food security for all.

Global Economic Uncertainty Remains Elevated, Weighing on Growth

(January 26, 2023)

From Brexit and US-China trade tensions to the pandemic and war, successive shocks have combined to keep global economic uncertainty elevated. This blog explores the various factors contributing to this uncertainty and its impact on economic growth. By examining these challenges, we gain a clearer understanding of the hurdles faced by policymakers in fostering stability and growth.

Climate Change is Disrupting Global Trade

(November 15, 2023)

The recent drought in Panama serves as a stark reminder of how climate extremes can disrupt global trade. In this blog, we explore the reverberating effects of climate change on global trade and the challenges faced by policymakers in mitigating these disruptions. By understanding the interconnectedness of climate change and trade, we gain valuable insights into the steps needed to build a more resilient global economy.

How Falling Home Prices Could Strain Financial Markets as Interest Rates Rise

(May 31, 2023)

Countries with elevated housing prices and high household debt issued at floating rates are particularly vulnerable to monetary policy tightening. In this blog, we delve into the potential strain on financial markets as interest rates rise and home prices fall. By examining these dynamics, we gain a deeper understanding of the challenges faced by policymakers in managing the risks associated with the housing market.

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Conclusion:

The most-read Chart of the Week blogs from last year shed light on the pressing challenges for the global economy. From inflation and economic growth to housing, food prices, globalization, and climate change, policymakers continue to grapple with complex issues that have far-reaching implications. By examining these visualizations and delving into the insights they offer, we gain a deeper understanding of the hurdles faced by policymakers and the potential paths forward. As we look ahead to the year to come, it is clear that these challenges will persist, requiring innovative solutions and collaborative efforts to foster a more stable and sustainable global economy.