{
  "title": "Development Committee: The Managing Director's Written Statement October 2023",
  "publication": "Policy Papers, October 12, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2023/10/11/development-committee-the-managing-director-s-written-statement-october-2023-540368",
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  "summary": "The global economy has shown resilience, but the recovery is slow and uneven. Risks have moderated in recent months but remain tilted to the downside. Headline inflation is about half of its 2022 peak but the decline in core inflation is more gradual.",
  "sections": [
    {
      "heading": "Global outlook and key takeaways",
      "content": "- The global economy has shown resilience, but the recovery is slow and uneven.\n- Risks have moderated in recent months but remain tilted to the downside.\n- Headline inflation is about half of its 2022 peak but the decline in core inflation is more gradual.\n- Growth momentum across most low-income and emerging market countries is weakening.\n- Achieving the 2030 Sustainable Development Goals (SDGs) is becoming increasingly challenging."
    },
    {
      "heading": "Inflation dynamics",
      "content": "- Headline inflation: about half of its 2022 peak.\n- Core inflation: decline is more gradual (no specific numeric decline provided in source)."
    },
    {
      "heading": "Growth, vulnerabilities, and SDGs",
      "content": "- Growth momentum across most low-income and emerging market countries is weakening.\n- The weakening growth momentum raises challenges for achieving the 2030 Sustainable Development Goals (SDGs)."
    },
    {
      "heading": "Policy priorities and recommendations",
      "content": "- Near-term priorities:\n  - Restoring price stability.\n  - Normalizing fiscal policy.\n  - Protecting the vulnerable.\n- Policies to support sustained growth:\n  - Pursue macro-structural reforms.\n  - Advance the green transition."
    },
    {
      "heading": "Multilateral cooperation and external risks",
      "content": "- Multilateral cooperation is critical to address challenges that hold back global recovery and shadow future prosperity.\n- Highlighted external risk: risks associated with geoeconomic fragmentation."
    },
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      "content": "- Pages: 5\n- Volume: 2023\n- Issue: 042\n- Series: Policy Paper No. 2023/042\n- Stock No: PPEA2023042\n- DOI: https://doi.org/10.5089/9798400256448.007\n- ISBN: 9798400256448\n- ISSN: 2663-3493\n\nInternational Monetary Fund. Strategy, Policy, & Review Department \"Development Committee: The Managing Director's Written Statement October 2023\", Policy Papers 2023, 042 (2023), accessed 9/19/2026, https://doi.org/10.5089/9798400256448.007\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2023/10/11/development-committee-the-managing-director-s-written-statement-october-2023-540368"
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    "Published: October 12, 2023",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9798400256448.007",
    "The global economy has shown resilience, but the recovery is slow and uneven.",
    "Risks have moderated in recent months but remain tilted to the downside.",
    "Headline inflation is about half of its 2022 peak but the decline in core inflation is more gradual.",
    "Growth momentum across most low-income and emerging market countries is weakening.",
    "Achieving the 2030 Sustainable Development Goals (SDGs) is becoming increasingly challenging.",
    "Headline inflation: about half of its 2022 peak.",
    "Core inflation: decline is more gradual (no specific numeric decline provided in source).",
    "Growth momentum across most low-income and emerging market countries is weakening.",
    "The weakening growth momentum raises challenges for achieving the 2030 Sustainable Development Goals (SDGs).",
    "Near-term priorities:",
    "Policies to support sustained growth:",
    "Multilateral cooperation is critical to address challenges that hold back global recovery and shadow future prosperity.",
    "Highlighted external risk: risks associated with geoeconomic fragmentation.",
    "Pages: 5",
    "Volume: 2023",
    "Issue: 042",
    "Series: Policy Paper No. 2023/042",
    "Stock No: PPEA2023042",
    "DOI: https://doi.org/10.5089/9798400256448.007",
    "ISBN: 9798400256448",
    "ISSN: 2663-3493",
    "**Policy Paper**"
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