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Global Financial Stability Report, October 2023: Financial and Climate Policies for a High-Interest-Rate Era

Data Cited at: Cato Institute-https://www.cato.org/human-freedom-index-new Note:- Each indicator is rated on a 0–10 scale, with 10-representing the most freedom.

The Fiscal Monitor surveys and analyzes the latest public finance developments, it updates fiscal implications of the crisis and medium-term fiscal projections and assesses policies to put public finances on a sustainable footing. 

The rise of travel and tourism has shown significant resilience globally. Despite slow economic growth in advanced economies and geopolitical tensions in some regions, the T&T sector still accounts for a large part of the global economy (estimated to be approximately 9% of global GDP or US$ 7 trillion) and employment, while the number of international travelers continues to increase. According to the World Travel & Tourism Council (WTTC), the T&T sector is forecast to continue growing at 4% annually—faster than financial services, transport and manufacturing