Martin Wolf IMF’s World Economic Outlook Update

Far more important than such forecasts are the assumptions on which they rest.

The risks lie on the downside, as the fund also notes. 

As the update to the Global Financial Stability Report adds, financial markets show “stretched valuations” — a nice understatement.

Moreover, the “normal” to which we may return is not the old one. The world has changed.

Martin Wolf FT 25 January 2022

https://www.ft.com/content/f681bdeb-f93a-4ec4-8356-77caf70f1c28