Business Standard

Slowdown year

Global and domestic factors will affect output

inflation
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Business Standard Editorial Comment Mumbai
The year 2022 marked the end of easy money, at least for now. The coming year, consequently, will witness higher interest rates and a slowing global growth. This would affect economic outcomes in India through various channels. After a fair bit of reluctance, large central banks finally got their act together to fight inflation as it became clear that it was not transitory. Double-digit or near double-digit inflation rates in advanced economies raised the risk of de-anchoring inflation expectations, which could have significantly increased the cost of regaining price stability. Higher inflation in advanced economies is partly being driven by

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First Published: Dec 28 2022 | 10:48 PM IST

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