World economic growth to slow down
According to IMF’s latest projections published this month, world economic growth will slow from 3.5% in 2022 to 3% this year and 2.9% next year, remaining well below the historical average.
Headline inflation will continue to decelerate, from 9.2% in 2022 to 5.9% this year and 4.8% in 2024. Core inflation, which excludes food and energy prices, is also projected to decline, albeit more gradually, to 4.5% next year. Most countries are unlikely to return inflation to target until 2025. Monetary policy actions and frameworks are key at the current juncture to keep inflation expectations anchored.
In this issue, read our C–Suite interview with Samantha Louis, Praxity Global Alliance CEO and winner of IAFA’s Leader in Accounting 2023 Award, where she tells us about her path to becoming an inclusive and visionary leader; Kris Cooper explores progress in the use of blockchain technology for audit and assurance; Chief Revenue Officer at Flutterwave, Ifeoluwa ‘IO’ Orioke, talks of developments to enhance cross-border payment solutions for SMEs; a profile by Santiago Bedoya-Pardo on FloQademy’s L&D platform highlights different approaches to training; Grant Thornton’s Gen Z survey reveals misconceptions on barriers to entering the accounting industry; iplicit’s CFO Research Report looks into the challenges of changing accounting software; Mike Dean, MD at WhisperClaims explores essential R&D tax technology tools that accountants will need to deliver a dependable R&D tax service in-house; Experts at Swimlane delve into how automation can solve the global cybersecurity skills gap and prevent attacks; and Steven Watson, Payroll Specialist at Sage describes how payroll management is expanding its remit to inform finance strategies thanks to technology.
There are ranking reports and fee and staff tables for Argentina and Mexico and additional tables for Peru.
There is also the usual monthly sector news round-up. We look forward to your feedback.
Zoya Malik
Editor-in-Chief