Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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                            <p style="text-align:justify">-TheConversation.com/TheWire.in</p><p style="text-align:justify"><em>With the cost-of-living crisis now at the top of the public&rsquo;s agenda in many developed countries, the setting of interest rates has ceased to be just a technical matter and has instead become highly political.</em></p><p style="text-align:justify"><em>Where is the global economy heading in 2023? After all the challenges of last year, it&rsquo;s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia&rsquo;s invasion of Ukraine in February ramped up inflation.</em></p><p style="text-align:justify"><em>Significant rises in the cost of vital items such as food and energy created a cost of living crisis that has engulfed households and businesses. Central banks reacted with a raft of interest-rate hikes, while a wave of industrial action saw workers in many countries fighting for pay and conditions to keep pace with this new economic era.</em></p><p style="text-align:justify"><em>Now, as we enter 2023, these conditions are set to continue, and the IMF thinks that a third of the world will experience a recession in the coming months.</em></p><p style="text-align:justify"><em>To help you make sense of the way ahead, our international network has put together a series of expert briefings on the global economy in 2023. Publishing over the next few days, they will include reports on the cost of living crisis and industrial action, and deep dives into key areas like energy, food and the global supply chain.</em></p><p style="text-align:justify"><em>Today&rsquo;s article kicks us off by looking at where next for inflation, interest rates and economic growth.</em></p><p style="text-align:justify">&sect;</p><p style="text-align:justify">Some of the world&rsquo;s biggest economies &ndash; and their central banks &ndash; face a tricky task this year taming inflation via higher interest rates without triggering a recession.</p><p style="text-align:justify">And whether they like it or not, the US Federal Reserve, the Bank of England and other central banks are now being thrust into the centre of a political debate that could threaten their independence as well as their ability to act decisively to curb rising prices.</p><p style="text-align:justify">I&rsquo;ve been following and covering politics and finance for four decades as a reporter and now as an economics research fellow. I believe there are two key ways politics may interfere with central bank plans in 2023.</p><p style="text-align:justify">Please <a href="https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles" title="https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles">click here</a> to read more.</p><p style="text-align:justify">This article is part of <a href="https://theconversation.com/topics/cost-of-living-6549" title="https://theconversation.com/topics/cost-of-living-6549">Global Economy 2023</a>, our series about the challenges facing the world in the year ahead. You might also like our Global Economy Newsletter, which you can subscribe to here.The Conversation</p>                                                           
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    <br><a href="https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles" class="re" target="_blank">TheWire.in, 6 January, 2023, https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles</a><div class="clear"></div>
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    <h1 class="cat-box-title">Global Economy: In 2023, Central Banks Will Have to Battle Inflation Amid Political Obstacles -Steve Schifferes</h1>
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                            <p style="text-align:justify">-TheConversation.com/TheWire.in</p><p style="text-align:justify"><em>With the cost-of-living crisis now at the top of the public&rsquo;s agenda in many developed countries, the setting of interest rates has ceased to be just a technical matter and has instead become highly political.</em></p><p style="text-align:justify"><em>Where is the global economy heading in 2023? After all the challenges of last year, it&rsquo;s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia&rsquo;s invasion of Ukraine in February ramped up inflation.</em></p><p style="text-align:justify"><em>Significant rises in the cost of vital items such as food and energy created a cost of living crisis that has engulfed households and businesses. Central banks reacted with a raft of interest-rate hikes, while a wave of industrial action saw workers in many countries fighting for pay and conditions to keep pace with this new economic era.</em></p><p style="text-align:justify"><em>Now, as we enter 2023, these conditions are set to continue, and the IMF thinks that a third of the world will experience a recession in the coming months.</em></p><p style="text-align:justify"><em>To help you make sense of the way ahead, our international network has put together a series of expert briefings on the global economy in 2023. Publishing over the next few days, they will include reports on the cost of living crisis and industrial action, and deep dives into key areas like energy, food and the global supply chain.</em></p><p style="text-align:justify"><em>Today&rsquo;s article kicks us off by looking at where next for inflation, interest rates and economic growth.</em></p><p style="text-align:justify">&sect;</p><p style="text-align:justify">Some of the world&rsquo;s biggest economies &ndash; and their central banks &ndash; face a tricky task this year taming inflation via higher interest rates without triggering a recession.</p><p style="text-align:justify">And whether they like it or not, the US Federal Reserve, the Bank of England and other central banks are now being thrust into the centre of a political debate that could threaten their independence as well as their ability to act decisively to curb rising prices.</p><p style="text-align:justify">I&rsquo;ve been following and covering politics and finance for four decades as a reporter and now as an economics research fellow. I believe there are two key ways politics may interfere with central bank plans in 2023.</p><p style="text-align:justify">Please <a href="https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles" title="https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles">click here</a> to read more.</p><p style="text-align:justify">This article is part of <a href="https://theconversation.com/topics/cost-of-living-6549" title="https://theconversation.com/topics/cost-of-living-6549">Global Economy 2023</a>, our series about the challenges facing the world in the year ahead. You might also like our Global Economy Newsletter, which you can subscribe to here.The Conversation</p>                                                           
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    <br><a href="https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles" class="re" target="_blank">TheWire.in, 6 January, 2023, https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles</a><div class="clear"></div>
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                            <p style="text-align:justify">-TheConversation.com/TheWire.in</p><p style="text-align:justify"><em>With the cost-of-living crisis now at the top of the public&rsquo;s agenda in many developed countries, the setting of interest rates has ceased to be just a technical matter and has instead become highly political.</em></p><p style="text-align:justify"><em>Where is the global economy heading in 2023? After all the challenges of last year, it&rsquo;s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia&rsquo;s invasion of Ukraine in February ramped up inflation.</em></p><p style="text-align:justify"><em>Significant rises in the cost of vital items such as food and energy created a cost of living crisis that has engulfed households and businesses. Central banks reacted with a raft of interest-rate hikes, while a wave of industrial action saw workers in many countries fighting for pay and conditions to keep pace with this new economic era.</em></p><p style="text-align:justify"><em>Now, as we enter 2023, these conditions are set to continue, and the IMF thinks that a third of the world will experience a recession in the coming months.</em></p><p style="text-align:justify"><em>To help you make sense of the way ahead, our international network has put together a series of expert briefings on the global economy in 2023. Publishing over the next few days, they will include reports on the cost of living crisis and industrial action, and deep dives into key areas like energy, food and the global supply chain.</em></p><p style="text-align:justify"><em>Today&rsquo;s article kicks us off by looking at where next for inflation, interest rates and economic growth.</em></p><p style="text-align:justify">&sect;</p><p style="text-align:justify">Some of the world&rsquo;s biggest economies &ndash; and their central banks &ndash; face a tricky task this year taming inflation via higher interest rates without triggering a recession.</p><p style="text-align:justify">And whether they like it or not, the US Federal Reserve, the Bank of England and other central banks are now being thrust into the centre of a political debate that could threaten their independence as well as their ability to act decisively to curb rising prices.</p><p style="text-align:justify">I&rsquo;ve been following and covering politics and finance for four decades as a reporter and now as an economics research fellow. I believe there are two key ways politics may interfere with central bank plans in 2023.</p><p style="text-align:justify">Please <a href="https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles" title="https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles">click here</a> to read more.</p><p style="text-align:justify">This article is part of <a href="https://theconversation.com/topics/cost-of-living-6549" title="https://theconversation.com/topics/cost-of-living-6549">Global Economy 2023</a>, our series about the challenges facing the world in the year ahead. You might also like our Global Economy Newsletter, which you can subscribe to here.The Conversation</p>                                                           
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    <br><a href="https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles" class="re" target="_blank">TheWire.in, 6 January, 2023, https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles</a><div class="clear"></div>
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Global Economy: In 2023, Central Banks Will Have to Battle Inflation Amid Political Obstacles -Steve Schifferes

Published on Jan 6, 2023   Modified on Jan 7, 2023

-TheConversation.com/TheWire.in With the cost-of-living crisis now at the top of the public’s agenda in many developed countries, the setting of interest rates has ceased to be just a technical matter and has instead become highly political. Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia’s invasion of Ukraine in February ramped up inflation. Significant rises in the cost of vital items such as food and energy created a cost of living crisis that has engulfed households and businesses. Central banks reacted with a raft of interest-rate hikes, while a wave of industrial action saw workers in many countries fighting for pay and conditions to keep pace with this new economic era. Now, as we enter 2023, these conditions are set to continue, and the IMF thinks that a third of the world will experience a recession in the coming months. To help you make sense of the way ahead, our international network has put together a series of expert briefings on the global economy in 2023. Publishing over the next few days, they will include reports on the cost of living crisis and industrial action, and deep dives into key areas like energy, food and the global supply chain. Today’s article kicks us off by looking at where next for inflation, interest rates and economic growth. § Some of the world’s biggest economies – and their central banks – face a tricky task this year taming inflation via higher interest rates without triggering a recession. And whether they like it or not, the US Federal Reserve, the Bank of England and other central banks are now being thrust into the centre of a political debate that could threaten their independence as well as their ability to act decisively to curb rising prices. I’ve been following and covering politics and finance for four decades as a reporter and now as an economics research fellow. I believe there are two key ways politics may interfere with central bank plans in 2023. Please click here to read more. This article is part of Global Economy 2023, our series about the challenges facing the world in the year ahead. You might also like our Global Economy Newsletter, which you can subscribe to here.The Conversation

TheWire.in, 6 January, 2023, https://thewire.in/world/global-economy-in-2023-central-banks-will-have-to-battle-inflation-amid-political-obstacles

Tagged with: Bank of England Central Banks Inflation Interest Rates Recession US Federal Reserve Cost of living wages

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