The Fed's Fiscal Position in Europe Isn't Consistent With What It's Trying to Do on Monetary Policy

In terms of our global GDP forecasts for 2023 it is unchanged we've got global growth slowing from 3.1 percent last year to 2.3 percent this year and for 2024 we're at 2.2 percent so overall our forecasts at the global level haven't changed. But I mentioned China and I mentioned the euro area we've lowered those numbers a couple of points but they have been offset mainly by Latin America. The big upgrade in EM is really to India we've revised upgrade for this year from 5.1 to 6.1 percent. Just you mentioned the US and I think that's an interesting hook in terms of a point that you make in your report around the fact that central