Quantitative Tightening is an unconventional monetary policy used by the Bank of England that is unheard of within the general population, even if it will provide harm on them. This article aims to introduce our readers to this new policy and its potential consequences.
Before, 2023, forecasts predicted a struggling Global Economy, with Central Banks raising interest rates, combatting high inflation, and bracing for low economic growth. But now it is 2024, this article uses statistics of macroeconomic objectives to see how the economies of the world actually performed in 2023.