The head of the US central bank, Jerome Powell, the former head of the Bank of England, Mervyn King, and many other dignitaries participated in the symposium in Stockholm.

The theme was central bank independence, but current inflation was also brought up.

Harvard professor Kenneth Rogoff says the world's central bank faces difficult choices in 2023.

- We have rising food prices, higher energy prices, the war in Ukraine, tensions between Taiwan and China.

We haven't seen that in decades.

This creates completely different conditions that cannot be solved with a simple fine-tuning.

- I think it will get worse before it gets better.

Meet Kenneth Rogoff in the clip where he tells us more about what we can expect from the global economy in 2023.