Financial market in the global economy: risks, state and development trends

The article examines the risks and trends of the modern global financial market. Global economic activity is slowing sharply as a result of a synchronized tightening of the monetary policy to contain very high inflation, less favorable financial conditions and problems with global financial logistics. Global growth will slow from 2.9 % in 2022 to 1.7 % in 2023. There are several downside risks to the outlook, including the possibility of higher inflation, even tighter monetary policy, financial stress, and rising geopolitical tensions around the world. To cushion the effects of recent negative shocks and promote a resilient and inclusive recovery, policymakers need to prioritize reforms that support long-term growth prospects and strengthen the resilience of vulnerable groups. This is especially true in the context of the pandemic and the aggravation of foreign policy relations.