The global economy is experiencing a soft landing with decreasing inflation and resilient growth, particularly in the United States. After a period of high inflation due to pandemic-related supply chain disruptions and geopolitical events, many countries are now seeing inflation recede without severe recessions. The U.S. economy has shown surprising strength, with the International Monetary Fund upgrading its growth forecast to 2.1 percent. Other advanced economies like the euro area, Japan, and the United Kingdom are expected to grow at a slower pace. Federal Reserve Chair Jerome H. Powell expressed optimism about the U.S. economy, which was supported by a strong jobs report showing significant job additions and wage growth in January.