The World – January 30, 2023

According to the report of the International Monetary Fund

On Monday, global economic uncertainty remains high and negatively affects growth due to successive shocks, which are protracted and include the cost of living crisis and the war in Ukraine

The International Monetary Fund's Global Uncertainty Index fell in December compared to the previous month, but remains near the highest levels achieved since November 2021.

A number of factors are contributing to the increase in global uncertainty, including those related to trade between major economies, the covid pandemic and the repercussions of geopolitical tensions and Russia's war in Ukraine.

Uncertainty jumped after the unexpected vote of the United Kingdom to leave the European Union in mid-2016, and rose even more following the surprise result of the US presidential election in 2016, followed by the emergence of several trade tensions between the US and China, which caused increased uncertainty in the world.

The markets also witnessed another significant rise in uncertainty at the beginning of 2020, with the advent of the corona pandemic, followed by another shock less than two years later with the Russian invasion of Ukraine, which renewed the state of trade uncertainty.

In 2023, all eyes will be on how governments around the world deal with economic uncertainty, amid questions about the fate of the global economy as central banks continue to tighten their monetary policies.