Navigating Global Economic Fragmentation

This chapter critically examines the current state of the global economy, focusing on fragmentation and its implications for cooperative solutions in a shock-prone world. It discusses the challenges faced by central bankers in managing monetary policy amid inflationary pressures and varying economic conditions in the U.S. and Europe. Additionally, the chapter addresses the significant risks of inaction regarding global public debt and the necessity for enhanced resources from the IMF to support vulnerable nations.