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Economists fret over perils ahead for global growth

By Rich Miller, Steve Matthews, Catarina Saraiva

09 Jan 2023 · 4 min read

Editor's Note

Bloomberg highlights the key takeaways from the American Economic Association conference, which predicts many roadblocks in a smooth global economic transition from the current state.

The world economy looks to be transitioning to a more difficult era where interest rates will be higher, geopolitical tensions greater and uncertainties more pronounced.

That's the message that emanated from this year's annual meeting of the American Economic Association in New Orleans. Economic luminaries - including former U.S. Treasury Secretary Lawrence Summers, ex-International Monetary Fund chief economist Kenneth Rogoff and former Bank of England policymaker Kristin Forbes - warned of perils ahead.

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