The Heat: Global Economy

The Heat

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After a year of sluggish economic growth and widespread inflation, what can we expect for 2023? 

2022 was the year the world got a rude awakening from something that had largely disappeared from many countries: inflation. Just when the supply chain crisis that defined the early COVID-19 pandemic recovery started to ease, many policymakers were surprised when inflation proved “stubborn” instead of “transitory,” as the U.S. Federal Reserve had predicted.

Then came the economic shock of Russia’s conflict with Ukraine. 

Joining the discussion:

  • Yan Liang is chair professor of economics at Willamette University.
  • Gilson Schwartz is a professor of economics at the University of Sao Paulo. 
  • John Gong is a Professor of economics at the University of International Business and Economics in Beijing. 
  • Arthur Dong is a Professor at the McDonough School of Business, at Georgetown University.