What is the “soft landing” that the IMF forecasts for the global economy in 2023

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Plane landing.

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Will we avoid a global economic recession?

In the world of aviation, a soft landing is one that is made with the proper speed and angle and without turbulence.

In the current state of the world economy, a soft landing is achieving a slowdown in inflation without triggering a recession.

It is quite an art, considering that the main tool that central banks around the world have used to lower inflation has been to raise interest rates, that is, to make the cost of money more expensive, which in turn affects economic growth.

Thus, continuing with the same metaphor, a recession economic Caused by rising interest rates it would be a forced landing.

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