As IMF alarm bells ring, Australia is stuck between inflation and a looming global recession | Greg Jericho

Limp growth would normally require fiscal stimulus, yet concerns about inflation mean we're unlikely to see a big-spending budget

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Central bankers around the world that are so desperate to kill inflation they are willing to risk a global recession seem about to get their wish as the IMF has dramatically downgraded growth around the world for the next two years.

If you want to get a taste of how well (or badly) the global economy is doing, you can do worse than just check out the titles of the regular World Economic Updates issued by the IMF.