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1、Global Economic OutlookGlobal Economic OutlookDecember 2023home.kpmg/globaleconomicoutlookGlobal Economic Outlook December 2023IntroductionA theme thats become all too familiar in KPMGs Global Economic Outlook is uncertainty.For many,2023 was another year when the medicine at times felt worse than t

2、he illness.Central banks tightened their belts with tough monetary policies aimed at reigning in spiralling inflation.It appears to have paid off,but at the cost of economic stagnation for many regions and a continued squeeze on consumer spending.KPMGs latest Global Economic Outlook offers a sense o

3、f what lies ahead,with the clear health warning once again that were in deeply uncertain times,and therefore our predictions are just that a forecast based on the few certainties that exist right now and the long-term trends that can help us piece together a complex future.I spent the final month of

4、 2023 in Dubai,joining delegates at COP28.The summit was focused on the climate crisis and potential solutions that could unlock a more sustainable future,but for me it reflected some of the wider challenges facing economies and political leaders right now.There were some positive outcomes,but many

5、issues remained unresolved.The economic outlook is worryingly similar.In our latest report,our economists based around the world offer their view on the economic landscape in the coming months and years.While the story varies from country to country,there are some clear universal themes.Monetary pol

6、icy has had a big impact on output and growth prospects and theres growing pressure for it to ease.Whether that happens remains to be seen.Many central banks are stuck between a rock and a hard place,cautious that loosening the screws could simply lead to an inflationary rebound.There are also fears