According to October Global Economic Outlook Report, the International Monetary Fund (IMF) projected that global growth to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024, well below the historical (2000–19) average of 3.8 percent. Advanced economies are expected to slow from 2.6 percent in 2022 to 1.5 percent in 2023 and 1.4 percent in 2024. Emerging market and developing economies are projected to have a modest decline in growth from 4.1 percent in 2022 to 4.0 percent in both 2023 and 2024.

Global inflation is forecast to decline steadily, from 8.7 percent in 2022 to 6.9 percent in 2023 and 5.8 percent in 2024. Core inflation is generally projected to decline more gradually, and inflation is not expected to return to target until 2025 in most cases.
 
Source: IMF October 2023 Report
Post by: Republic of Türkiye Ministry of Trade