Global Economic Outlook: Slowing growth, rising inflation fears

Macchiarelli, Corrado; Naisbitt, Barry; Boshoff, Janine; Holland, Dawn; Hurst, Ian; Liadze, Iana; Mao, Xuxin; Juanino, Patricia Sanchez; Thamotheram, Craig; Whyte, Kemar

doi:10.1017/nie.2021.45

Cited by 2 publications

(1 citation statement)

References 6 publications

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“…In this context, the IMF report (2022) warned against the economic slowdown experienced by many countries in 2023. The three factors driving a significant global economic slowdown in many countries are the increasing cost of living due to inflationary pressures (MacChiarelli et al, 2021), China's economic slowdown (Cashin et al, 2017), and the propagation effect of the Russian-Ukrainian war (Mariotti, 2022).…”

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confidence: 99%

Global Economic Policy Uncertainty and Islamic Stock Market in Indonesia

Mashilal,

Amalia,

Visita

2024

muqtasid

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The investigation of economic policy uncertainty (EPU) was necessary during financial and trade integration between countries. In this context, there was a spillover effect of global economic policy protections impacting stock markets. Therefore, this research aimed to determine the effect of global policy proxied by the United States, China, and Japan on Islamic stock market in Indonesia. Macroeconomic indicators were also included in the research model and the time series data was obtained from January 2015 to December 2022. In addition, Vector Error Correction Model (VECM) was used as an analytical method in the model. The results showed that Islamic stocks responded positively to global economic policy, exchange rates, and exports to stock index, while inflation reported a negative response.

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Section: Introductionmentioning

confidence: 99%

Global Economic Policy Uncertainty and Islamic Stock Market in Indonesia

Mashilal,

Amalia,

Visita

2024

muqtasid

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A new perspective on the sequence of economic policy transformation and regulation: An empirical analysis from the developing economy

Nguyen

2024

JGR

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This paper proposes strategies for the gradual and secure transition to a heavily regulated economy. This paper uses a multidisciplinary approach with stylized data obtained from the World Bank for 63 countries between 1980 and 2021. The findings recommend prioritizing macroeconomic stabilization, which includes fiscal consolidation and low inflation, to establish the foundation for subsequent reforms. Subsequently, the government should implement measures to eliminate distortions in domestic goods, labor, and capital markets, thereby enhancing its capacity to collect non-inflationary taxes and generate income. Next, liberalizing international trade can be undertaken to remove quotas, tariffs, and other direct administrative controls. The subsequent phase entails the liberalization of the capital account, aiming to alleviate constraints on both inward and outward flows of foreign direct investment, portfolio investment, and the utilization of long- and short-term financial instruments. Yet, opening the economy is not sufficient. A successful structural transformation needs to be facilitated by upgrading products and services as well as diversifying the manufacturing base to consistently facilitate the process of structural change and maintain economic growth. During the transition period, a stronger constitutional order and rule of law are needed to minimize rent-seeking, which would impede the complete transition.

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Global Economic Outlook: Slowing growth, rising inflation fears

Cited by 2 publications

References 6 publications

Global Economic Policy Uncertainty and Islamic Stock Market in Indonesia

Global Economic Policy Uncertainty and Islamic Stock Market in Indonesia

A new perspective on the sequence of economic policy transformation and regulation: An empirical analysis from the developing economy

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