Abstract:The paper explores the modern prospects for the development of the world economy. In particular, it is noted that most countries managed to avoid deepening economic recession in the winter of 2022 due to the implementation of restraining economic policy. However, in the beginning of 2023 signs of financial system instability emerged due to the increase in the degree of vulnerability of the financial sector driven by a strict monetary policy. The current challenges facing the world economy can be categorized in… Show more
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