Just as the world economy recuperated from pandemic-inflicted wounds, it was welcomed with a series of newfound challenges. Fiscal and monetary stimulus were weapons of choice to survive the pandemic. However, these weapons came at a cost that remained payable at the end of it all. With ballooning central bank balance sheets being the norm during the pandemic, the beginning of CY22 was considered the most opportune time to deflate some of it before it blew in the world’s economic face.
February 13, 2023 1 minute