The global economy began the year in a position of economic resilience as trends in late 2022 were generally better than expected (NZ excluded). The IMF recently predicts world growth in 2023 at 2.8% down from 3.4% in 2022. Stronger economies are providing a challenge for inflation management as are the inflationary effects of increasingly fragmented global trade.

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Posted: Wed 19 Apr 2023

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