World economic outlook 2023
The International Monetary Fund (IMF) forecast in their latest World Economic Outlook published, that global growth will bottom out at 2.8 percent this year before rising modestly to around three percent in 2024, representing a 0.1 per cent fall on its January projections. Global inflation is also heading down, signalling that the tightening of monetary policy through major interest rate rises is bearing fruit, though more slowly than initially anticipated, from 8.7 percent last year to seven percent this year, and 4.9 percent in 2024.
Related Content
- World investment report 2023: investing in sustainable energy for all
- Algeria economic update, Spring 2023: winds remain favorable
- World energy transitions outlook 2023: 1.5°C pathway, Volume 1
- Liberia economic update: getting rice right for productivity and poverty alleviation
- Seventh Ghana economic update: price surge- unraveling inflation’s toll on poverty and food security
- Equatorial Guinea economic update: reforming fossil fuel subsidies