The risk of a hard landing has dissipated world over, even as the pace of disinflation remains less than desirable. Before the cascading effects of geo-economic fragmentation further dampen the global outlook, rebuilding trust through cooperation and recommitting to multilateral frameworks for addressing critical global challenges has become essential. Every crisis can have a solution when powerful minds come together.
As Swami Vivekananda had once said "The powers of the mind are like rays of light dissipated; when they are concentrated, they illuminate"5. Thank you. 1 "Geo-Economic Fragmentation and the Future of Multilateralism," IMF Staff  Discussion Note 2023/001.