IMF's Gourinchas on Global Outlook, Banks and Inflation

The video discusses the baseline economic forecast, highlighting potential risks and the impact of financial instability. It examines how rising interest rates create vulnerabilities in the financial system, affecting banks and non-banks. The discussion extends to the potential credit crunch and its influence on inflation and economic growth. The video also explores global economic tailwinds, such as China's and India's growth, and Europe's resilience. Finally, it addresses the energy transition's impact on growth and inflation, particularly for fossil fuel-dependent economies.

What are the tailwinds for the global economy mentioned in the text?

How does the energy transition in Europe relate to economic growth according to the IMF's perspective?

What effects could the climate transition have on inflation and growth as discussed in the text?