The global economy is in a fragile state. Inflation rates around the world appear to have peaked, but policymakers still face a difficult task of further tamping down inflation without tipping economies into recessions. Are we on a path to a soft landing or a recession? Have policymakers brought inflation under control? When will central banks start to loosen monetary policy? What are the top challenges facing major economies around the world? What are the structural trends impacting the American, Chinese and Indian economies?