Completing the post-pandemic landing

Key takeaways

• The global economy is on track for a soft landing, but the outlook has become more uncertain as new challenges loom.
• The lingering effects of the rise in the cost of living, large fiscal deficits, heightened policy uncertainty and a stronger US dollar pose risks to the landing.
• In such a complex environment, risk management considerations and clear communication are key for central banks to complete the disinflation process while supporting economic activity.