IMF Raises Forecast For Global Economic Growth In 2023 To 2.9%

The International Monetary Fund (IMF) recently released its latest World Economic Outlook Report. The report estimates that the global economic growth in 2022 would be 3.4%; that in 2023 would be 2.9%, 0.2 percentage points higher than the forecast in the October 2022 World Economic Outlook; and that in 2024 would rise to 3.1%. The report also predicts China’s economy would grow by 5.2% in 2023.