Visualizations depict effects of war and inflation—and how they have changed as a new year beckons
It’s been a turbulent year. The global economy’s better-than-expected growth prospects early on quickly turned to concern after Russia’s invasion of Ukraine. Coupled with rapid and persistent inflation, particularly for food and energy, these headwinds weighed on growth and dimmed our forecasts.
Our Chart of the Week blogs have chronicled these inflection points. This week, we showcase five of our most popular charts that helped illustrate the effects of these developments. With updated data, the visuals also show how things have progressed since then.
With inflation at multi-decade highs in many countries, central banks pivoted toward higher interest rates. Our chart from August showed the increasingly synchronized monetary policy cycle around the world.
The latest data confirm that the downbeat trend generally remains intact at year-end.
About the author: Andrew Stanley is a communications officer in the IMF policy communications division. He overseas data visualization for various IMF content platforms. Before joining the Fund Andrew worked in various communications and research capacities in the energy sector, including in the Middle East, Washington DC, and London. He holds a master’s degree in international political economy from the Copenhagen Business School and a bachelor’s in business studies from Trinity College Dublin.
Source: This article was published by IMF Blog