Macro Insights Weekly - Notes from IMF meetings: Shocks and resilience

There was a sense of cautious optimism in the IMF Spring meetings. Global economies' resilience to high interest rates and geopolitical risks has provided some relief.
Despite the sharp rise in interest rates, the world has avoided a recession.
The banking system has proved largely resilient, while capital flows have not dried up.
Cost of living is nonetheless a major risk for social stability.
Commercial real estate sector losses could trip up the financial system.
High correlation among asset markets is a concern, along with large investments in private markets.