IMF publishes sober outlook for 2023
“Worst is yet to come”, says chief economist
The International Monetary Fund published its autumn 2022 World Economic Outlook on October 11, offering an inauspicious forecast for growth, prices and economic stability for the coming year.
The fund projects that the global economy will grow by 3.2% in 2022, and downgraded its forecast for 2023 from 2.9% to 2.7%. The outlook estimates that global inflation peaked in the third quarter of 2022 at 9.5%, and will fall to 4.7% by the last quarter of next year. Global core inflation reached 6.7%
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