The International Monetary Fund (IMF) has revised its global growth forecast, projecting a slowdown from last year’s 3.5% to 3% for this year and the next in its latest World Economic Outlook update.
The 2023 growth projection has been revised 0.2 percentage points higher from the IMF’s previous projection from April. Global inflation is also expected to decrease, going from 8.7% last year to 6.8% this year and further declining to 5.2% in 2024.
