Gopinath: Global Growth Will Improve in 2H, and 2024

The video discusses the global economic outlook, highlighting resilience despite past downgrades. It notes that while global growth is expected to improve in the latter half of the year, inflation remains a concern, particularly in the services sector. The reopening of China is seen as a positive development, with potential benefits for global mobility and economic recovery. The video also touches on the importance of US-China relations in stabilizing the world economy.

What is the expected trend for global growth in the second half of the year?

• It will fluctuate unpredictably.

• It will remain stagnant.

• It is expected to improve.

• It is expected to decline further.

Which component of inflation is still rising in some countries?

• Housing inflation

• Services sector inflation

• Energy inflation

• Food inflation

What is the expected role of monetary policy through 2023 according to the transcript?

• It will be relaxed significantly.

• It will remain unchanged.

• It will need to stay the course.

• It will be abandoned.

What is the expected impact of China's reopening on global mobility?

• It will increase global mobility.

• It will have no impact on global mobility.

• It will only affect mobility within China.

• It will decrease global mobility.

What was a significant outcome of the leaders' summit in Bali between the US and China?

• A floor was put on their relationship.

• They agreed to reduce tariffs.

• They decided to end diplomatic relations.

• A new trade agreement was signed.