Gospodarka światowa 2022–2023: czas niepewności, niepokoju i postępującej fragmentacji
World economy 2022–2023: A time of uncertainty, anxiety, and progressive fragmentation

Summary/Abstract: Global economic performance of the year 2022 and early 2023 was overshadowed by the war in Ukraine. Negative economic trends from the previous years in the form of high inflation or disruptions in global supply chains not only continued, but were further reinforced by the ongoing war. Hence, it can be assumed that the global economy is currently heading for an unprecedented confluence of economic, financial, and debt crises. The high level of uncertainty and instability in the world economy has not been conducive to breaking down existing inequalities between and within countries. Moreover, the current situation seems to be fostering a progressive fragmentation of countries in socio-economic terms, with many representatives of the Global South increasingly burdened by the effects of the current economic and social crises. The article analyzes the condition of the world economy over the past year, particularly in the period following the outbreak of the war in Ukraine. Subsequent sections are devoted, respectively, to a review of major macroeconomic indicators in the period, development of world trade, the challenges of managing the world trading system after the Twelfth WTO Ministerial Conference, the situation in international financial markets, the activity of international financial institutions, and the progress – or rather, the lack of it – in implementation of the sustainable development agenda.

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