Paying the price for our lack of resilience

Triodos
By January 25, 2023 13:49

Paying the price for our lack of resilience

Advanced Economies Outlook 2023

The outlook for 2023 is bleak. The multitude of crises have exposed the weaknesses of our economic system, culminating in record-high inflation across advanced economies. Though inflation is set to fall, there will be no early relief. This means we must brace for the inevitable global growth slowdown, spurred by recessions in most major advanced economies. The breadth and depth of the slowdown will be determined largely by the stickiness of inflation and the need for further monetary policy tightening. Either way, inequality is bound to rise, while the ongoing transgressions of our planetary boundaries ask for immediate policy action. This requires an integrated policy approach that steers towards a more resilient system: one supporting an equitable society with healthy ecological conditions.

Triodos
By January 25, 2023 13:49

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