The global economy is muddling through against the odds. But a storm is coming | Larry Elliott

The global economy is facing numerous challenges, including two major regional wars that are disrupting supply chains and prices worldwide. This is having a significant impact on businesses and consumers, who are struggling with the effects of a severe energy shock. The situation is concerning, as it highlights the need for multilateral cooperation to address these crises, but finance ministers gathering for the IMF annual meeting are aware that such cooperation is unlikely. As a result, the global economy may be heading into a storm.

Why it matters

The global economy is facing multiple crises and finance ministers are aware of the need for cooperation. However, there is little chance of cooperation, which could exacerbate the crises.

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