However, the inflation rate is projected to decelerate gradually from the beginning of next year and fall below 2 percent in 2023. II. Risks to the Outlook That said, uncertainties surrounding the outlook for the global economy are extremely high. I would like to point out three factors. The first is developments in global economic activity and prices.
Growing theoretical and empirical evidence across the world has now confirmed that “policy-inclusiveness” is a prerequisite for benefits of economic growth and development to trickle down smoothly and speedily to the marginalized and vulnerable segment of population. Global and regional efforts launched over the last decade or so have paid off.