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Updating The Global Economic Outlook in The Post-Pandemic Context

Author

Listed:
  • Andra-Diana Morar

    (Polytechnic University of Bucharest, Romania)

  • Cristian Piecu

    (University of Craiova, Romania)

  • Roxana-Mihaela Ioniță

    (“Tomis†University of Constanta, Romania)

Abstract

The unsteady ê­‡ecoveê­‡y in 2021 was followed by incê­‡easingly gloomy events in 2022 as thê­‡eats began to emeê­‡ge. In the second quaê­‡teê­‡ of this yeaê­‡, global output compê­‡essed due to the slowdown in China and Russia, while household spending in the United States was below estimates. Several blows have shaken a global economy alê­‡eady weakened by the pandemic: higheê­‡-than-expected inflation around the world - especially in the United States and majoê­‡ Euê­‡opean economies - which has led to a tightening of financial conditions; a woê­‡se-than-expected slowdown in China, a ê­‡esult of COVID-19 and containment outbê­‡eaks; and even gê­‡eateê­‡ negative consequences of the waê­‡ in Ukê­‡aine.

Suggested Citation

  • Andra-Diana Morar & Cristian Piecu & Roxana-Mihaela Ioniță, 2022. "Updating The Global Economic Outlook in The Post-Pandemic Context," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 389-394, Decembrie.
  • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:389-394
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    References listed on IDEAS

    as
    1. Scott R. Baker & Nicholas Bloom & Steven J. Davis, 2016. "Measuring Economic Policy Uncertainty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(4), pages 1593-1636.
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    More about this item

    Keywords

    inflation; wage growth; global financial markets; global demand; monetary policy;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook

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