OECD Sees 2023 Global Economic Growth Slowing to 2.2%

OECD Sees 2023 Global Economic Growth Slowing to 2.2%

Assessment

Interactive Video

Business

University

Hard

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The video discusses the challenges in economic forecasting amid a global energy crisis, largely driven by the Russia-Ukraine conflict. It highlights the impact on inflation and the need for decisive monetary policy. China's economic outlook is analyzed, noting potential risks from COVID lockdowns and real estate issues. The discussion emphasizes the importance of monitoring inflation trends and the role of central banks in managing interest rates. Despite uncertainties, the forecast suggests sluggish growth but not a recession.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the two main risks mentioned that could affect China's economic growth forecast?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the main factors contributing to the current energy crisis as discussed in the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker differentiate between supply shock and demand shock in the context of inflation?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker view the relationship between China's economic recovery and global demand for energy?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways has inflation impacted people's incomes globally according to the text?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the central bank's actions in response to inflation as described in the text?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the speaker's outlook on the possibility of a recession in the near future?

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