IMF Revised Downward Its 2023 Global Growth Forecast

13 April 2023

According to April Global Economic Outlook Report, the International Monetary Fund (IMF) projected that the average growth of the global economy will decline from 3.4% in 2022 to 2.8% in 2023 and then increase slowly to 3.0% in 2024.The report emphasized that growth in advanced economies is expected to slow from 2.7% in 2022 to 1.3% in 2023. Although food and energy prices fell as central banks raised interest rates, core prices remained sticky in some economies and global headline inflation is expected to fall from 8.7% in 2022 to 7.0% in 2023 due to lower commodity prices.
Source: IMF April 2023 Report
Post by: Republic of Türkiye Ministry of Trade