Liquidity oversight may need to evolve in the wake of March 2023 stress
Strong growth, declining inflation, and easing monetary policy to drive global output
Stronger growth in U.S., China and India led the way
Proposals seek to combat regulatory arbitrage, level playing field
Energy inflation resurfaces, stoking price pressures
Rate cuts on tap this year, although size and timing remain data driven
International body says policymakers must guard against complacency amid multitude of threats
Merchandise trade down for the year, services trade up
Merchandise trade down, services activity flat from previous quarter
Tight financial conditions, high economic uncertainty remain key vulnerabilities