The Global Economy's Turbulent Year in Five Charts
IMF Blog, December 27, 2022
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Bibliographic details
- Authors: Andrew Stanley
- Published: December 27, 2022
Overview
- Title: The Global Economy's Turbulent Year in Five Charts
- Subtitle: Visualizations depict effects of war and inflation—and how they have changed as a new year beckons
- Series: Chart of the Week
- Author: Andrew Stanley
- Date: December 27, 2022
- Purpose: Showcase five of the most popular charts from the Chart of the Week series that illustrate inflection points in the global economy and how updated data show subsequent developments.
Key themes highlighted
- War and growth:
- Russia’s invasion of Ukraine is identified as a major inflection point that shifted better-than-expected growth prospects to concern.
- Inflationary pressures:
- Rapid and persistent inflation, particularly for food and energy, is emphasized as a key headwind weighing on growth and dimming forecasts.
- Evolution over time:
- The five showcased charts both chronicled past inflection points and, with updated data, illustrate how conditions have progressed since those moments.
Content focus and structure
- The unit is a visual roundup:
- Emphasizes visualizations (the five charts) as the primary means to depict the effects of developments on the global economy.
- Positions the visuals as both explanatory of past shifts and demonstrative of more recent trends using updated data.
- Relation to broader series:
- The piece is part of the Chart of the Week blog collection and highlights charts that were among the most popular within that series.
Key statements and takeaways (as presented)
- 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.
Source: The Global Economy's Turbulent Year in Five Charts — Andrew Stanley, December 27, 2022.