What are the implications for the global economic considering the 2022 Federal Reserve's contractionary ("hawish") monetary policy attempting to curb 40-year highs in inflation and the resulting global economic implications based on a World Bank "Is A Global Recession Imminent" paper at https://openknowledge.worldbank.org/bitstream/handle/10986/38019/Global-Recession.pdf#%5B%7B%22num%22%3A110%2C%22gen%22%3A0%7D%2C%7B%22name%22%3A%22XYZ%22%7D%2C0%2C792%2C1%5D and attached as a PDF for context and report noted findings and trends also depicted in the graphical representations below.

Figure 10. Scenarios in relation to past global recessions A. Global per capita GDP B. Global trade Index, 2022 = 100 Past global recessions Index, 2022 = 100 Past global recessions 105 -Baseline 115 -Baseline - Sharp downturn Global recession - Sharp downturn 1 10 - Global recession 105 100 100 95 95 90 2022 2023 2024 2022 2023 2024 C. Advanced-economy per capita GDP D. EMDE per capita GDP Index, 2022 = 100 Past global recessions Index, 2022 = 100 Past global recessions 105 -Baseline 110 -Baseline - Sharp downturn Sharp downturn - Global recession - Global recession 105 100 100 95 95 2022 2023 2024 2022 2023 2024 Sources: Oxford Economics; World Bank A.-D. These scenarios are produced using the Oxford Economics Global Economic Model and expressed as the values in 2022 equal to 100. For past global recessions, the range shows the minimum-maximum range of past five global recessions and the values one year prior to each global recession (for example, 1974 for the 1975 global recession, and 2019 for the 2020 global recession) are equal to 100