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Economy still buffeted by headwinds but there are shafts of light ahead

Original source (on modern site) | Article images: [1]

You'd be forgiven if you have forgotten what it is like to live in "normal" times. We've had one shock after another in recent years. The pandemic was followed by the invasion of Ukraine and now, as we gradually emerge from the consequences of both, we are experiencing greater financial volatility and stress in the banking system (although these are the kind of headwinds we have seen before).

However, it is important to look at the positives. Despite the surprise increase in inflation reported yesterday, worries about rising prices are increasingly becoming a thing of the past. In most G20 countries, headline inflation looks to have passed its peak already around the second half of last year and is expected to continue falling dramatically this

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