Global Economics Intelligence executive summary, July 2023

The IMF projects global growth to decline in the coming years and expects inflation to decrease, while demand for office and retail space in superstar cities is likely to remain below pre-pandemic levels due to the changing nature of work.

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9/13/2023

Global Debt Falls for Second Year But Remains High, With China and U.S. Topping List

The global debt-to-GDP ratio has decreased for the second consecutive year, but the decline may be coming to an end as the post-COVID growth surge fades, according to the International Monetary Fund (IMF). China and the United States both have high debt-to-GDP ratios, and the IMF has called for strategies to reduce debt vulnerabilities in various sectors.

9/15/2023

IMF to Urge China to Reform Economy, Address Real Estate Woes, and Boost Consumer Spending

The International Monetary Fund (IMF) plans to advise China to address issues such as weak domestic consumption, the troubled real estate sector, and local government debt, in order to boost both Chinese and global growth, according to IMF Managing Director Kristalina Georgieva. The IMF will urge China to shift its growth model away from debt-driven infrastructure investment and real estate and focus more on domestic consumption. China's aging population, falling productivity, and problems in the real estate sector are factors hindering its growth rate. The IMF is set to release new global growth forecasts, reflecting concerns about low GDP growth worldwide, with the United States being the only major economy to have recovered pre-pandemic levels. China's growth rate is crucial for both Asia and the rest of the world, given its significant contribution to global growth. However, there is a trend of some outflow from China, which needs to be monitored.