(News Bulletin 247) – According to forecasts published in April by the International Monetary Fund (IMF), growth in the world economy is expected to slow from 3.4% in 2022 to 2.8% this year, before slowing down. set at 3% in 2024, according to its reference scenario.
Advanced countries should experience a particularly marked slowdown, with a growth rate falling from 2.7% in 2022 to 1.3% in 2023, while emerging and developing countries should see theirs fall from 4% to 3, 9%.
In more detail, this year, the IMF anticipates GDP growth of 1.6% in the United States, 0.8% in the euro zone (including -0.1% for Germany and 0.7% for France), -0.3% in the United Kingdom, 5.2% in China and 5.9% in India.
In another plausible IMF scenario with an amplification of tensions in the financial sector, global growth would fall to around 2.5% in 2023 and that of advanced countries would drop below 1%.
In the baseline scenario, global headline inflation would fall from 8.7% in 2022 to 7% in 2023, but core inflation is expected to decline more slowly. In most countries, inflation is not expected to return to its target level before 2025.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
