IMF predicts global economic growth will slow to 3 percent
Economy
Global inflation is expected to decline from 8.7% in 2022 to 6.8% in 2023 and 5.2% in 2024.
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Global economic growth will slow down from 3.5% in 2022 to 3% in 2023-2024. It is reported by "Xinhua" with reference to the IMF forecasts.
“While the forecast for 2023 is slightly higher than that presented in the April World Economic Outlook report, it remains low by historical standards. Raising interest rates by central banks to fight inflation continues to affect economic activity,” the document says.
Global inflation is expected to decline from 8.7% in 2022 to 6.8% in 2023 and 5.2% in 2024. Core inflation is projected to decline more smoothly, and inflation forecasts for 2024 have been revised upwards.
“For developed countries, it remains important that the projected growth rate for 2023 decline from 2.7% in 2022 to 1.5% in 2023,” the report said.
Growth is projected to slow in 93% of developed countries in 2023 and remain at 1.4% in 2024.
“While the forecast for 2023 is slightly higher than that presented in the April World Economic Outlook report, it remains low by historical standards. Raising interest rates by central banks to fight inflation continues to affect economic activity,” the document says.
Global inflation is expected to decline from 8.7% in 2022 to 6.8% in 2023 and 5.2% in 2024. Core inflation is projected to decline more smoothly, and inflation forecasts for 2024 have been revised upwards.
“For developed countries, it remains important that the projected growth rate for 2023 decline from 2.7% in 2022 to 1.5% in 2023,” the report said.
Growth is projected to slow in 93% of developed countries in 2023 and remain at 1.4% in 2024.
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