IN FOCUS6-8 min read Unveiling their latest forecasts, our economists ask if the world economy is enjoying an “immaculate” disinflation of moderating inflation, ongoing economic growth and low unemployment. Economics and Strategy Viewpoint Q1 2024 17 pages Investors and economists alike had thought that policy makers needed to engineer mild recessions to reduce inflation pressures. And yet, inflation has fallen sharply over the past year and is almost back to target for the major central banks.