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- Description: The January 2023 World Economic Outlook Update projects that global growth will fall to 2.9 percent in 2023 but rise to 3.1 percent in 2024. The 2023 forecast is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook but below the historical average of 3.8 percent.
www.imf.org/en/Publications/WEO
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Oct 10, 2023 · Global recovery remains slow, with growing regional divergences and little margin for policy error. The baseline forecast is for global growth to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024, well below the historical (2000–19) average of 3.8 percent.
Sep 24, 2024 · The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023.
- Overview. The outlook is uncertain again amid financial sector turmoil, high inflation, ongoing effects of Russia’s invasion of Ukraine, and three years of COVID.
- Projections Table. Download Table.
- Chapters in the Report. Chapter 1: Global Prospects and Policies. Tentative signs in early 2023 that the world economy could achieve a soft landing—with inflation coming down and growth steady—have receded amid stubbornly high inflation and recent financial sector turmoil.
- Statistical Appendix. Statistical Appendix: Data assumptions, conventions, and classifications. Statistical Appendix A: Key Global Economic Indicators. Statistical Appendix B
Executive summary. The January 2023 Chief Economists Outlook comes out amid continuing economic uncertainty and policy challenges of historic proportions. Although there are some grounds for optimism, such as easing inflationary pressures, many aspects of the outlook remain gloomy.
outlook is expected to remain challenging next year. The median forecast of EM economic growth is 4.0% y/y in 2023. up from 3.1% in 2022, but below pre-pandemic level. Divergence is expected to increase as idio.
Jul 25, 2023 · The global economy continues to gradually recover from the pandemic and Russia’s invasion of Ukraine, announced the IMF today (July 25, 2023) in a press briefing marking the launch of July’s update of the World Economic Outlook report.
Jan 30, 2023 · The IMF announced today (Monday, Jan. 30, 2023) that global growth is expected to slow from 3.4% in 2022 to 2.9% in 2023 in a press briefing held in Singapore to mark the launch of the January update of the World Economic Outlook report.
