The IMF predicted that global economic growth will slow to 2.8% this year, compared to 3.4% growth in 2022.
"We are therefore entering a tricky phase during which economic growth remains lackluster by historical standards, financial risks have risen, yet inflation has not yet decisively turned the corner," IMF chief economist Pierre-Olivier Gourinchas wrote. The forecast is a slightly more pessimistic view than the IMF took in January, when the group forecast growth of 2.9%.
But the IMF sees growth rebounding further in 2024, when the latest forecast predicts global gross domestic product growth of 3%. The latest forecast also takes a gloomier outlook on Germany's economy, predicting a slight recession during the current year with economic output falling by 0.1%. That, too, is a slight downgrade from the IMF's January forecast.Several economic institutes in Germany have recently taken a more confident view toward German economic growth in 2023, with forecasts earlier this month predicting GDP to rise by 0.3%.
Source: Financial Digest (financialdigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Laos to see better economic growth in 2023, 2024Laos’ economy is expected to grow moderately this year and next year thanks to the recovery in services and private sector investments as pandemic restrictions eased throughout the region, according to a new Asian Development Bank (ADB) report.
Source: staronline - 🏆 4. / 75 Read more »
Puspakom tawar pemeriksaan sukarela secara percuma sempena sambutan Hari Raya Aidilfitri 2023 - paultan.orgJika kita hantar kenderaan untuk diperiksa keadaannya sama ada selamat atau tidak untuk digunakan sepanjang musim cuti di bengkel-bengkel biasa, kita mungkin akan menjadi mangsa “upselling” yang dibuat oleh bengkel-bengkel yang tiak bertanggungjawab – komponen …
Source: paultan - 🏆 22. / 51 Read more »
Kelengkapan raya jenama tempatan di FRP 2023Beroperasi hingga 5 pagi bagi memberi peluang kepada orang ramai mendapatkan kelengkapan sambutan Hari Raya Aidilfitri pada saat-saat akhir.
Source: UMonline - 🏆 27. / 51 Read more »
MAIS sumbang RM11.3 juta kepada asnaf riqab untuk 2023Sumbangan turut diberikan kepada 1,207 orang asnaf berkenaan berjumlah RM306,000 bagi membantu mereka membuat persiapan untuk menyambut Hari Raya Aidilfitri Selangor
Source: UMonline - 🏆 27. / 51 Read more »
Spain’s Jon Rahm wins 2023 Masters | The Malaysian InsightHe shoots 3-under-par final round 69.
Source: msianinsight - 🏆 8. / 63 Read more »
Puspakom offering free voluntary vehicle inspections ahead of 2023 Hari Raya Aidilfitri festive season - paultan.orgPuspakom will be holding Voluntary Vehicle Inspection (VVI) service for private vehicles from today, April 10 until April 23, 2023 in conjunction with the upcoming Hari Raya Aidilfitri celebrations, it has announced in a statement. …
Source: paultan - 🏆 22. / 51 Read more »