The International Monetary Fund has revised its growth forecasts for 2023 and 2024. World inflation is expected to fall from 8.8% (2022) to 4.3% in 2024, but above pre-pandemic levels (3.5%).
Euskaraz irakurri: Munduko ekonomia % 2.9 haziko da aurten eta % 3.1 datorren urtean, Nazioarteko Diru Funtsaren arabera
The International Monetary Fund (IMF) has raised its growth forecast for 2023 by two-tenths to 2.9% and cut it by one-tenth for 2024 to 3.1%. The international institution has warned that projected growth is below the historical average between 2000 and 2019 of 3.8%.
“Central bank interest rate hikes to fight inflation and Russia’s invasion of Ukraine continue to hamper economic activity,” said the entity, for whom China’s recent reopening is good news “for a faster-than-expected time.” In any case, the IMF does not expect the world economy to end up in a recession.
After the reopening of Chinathe Asian giant will grow by 5.2% this year (eight tenths more than previously estimated), compared to 3% in 2022. The IMF thus estimates that the eurozone grow only 0.7% in 2023 (two tenths more than estimated in October) and 1.6% in 2024 (two tenths less). United States In turn, it will grow by 1.4% in 2023 (four tenths more than previously estimated) and only by 1% in 2024 (two tenths less). In addition, it has revised its upside forecasts for Russiawhich will grow by 0.3% this year, where a contraction of 2.3% was previously expected, while it will grow by 2.1% in 2024, compared to the 1.5% forecast in October.
As for the evolution of prices, the IMF foresees that the world inflation it will drop from 8.8% in 2022 to 6.6% in 2023 and to 4.3% in 2024, levels even higher than pre-pandemic levels, when the inflation rate was around 3.5%.
“Still, the disinflation process will take time,” cautioned the IMF, which warns that by 2024, average levels of headline and core inflation will still be above pre-pandemic levels with 82% and 86% of economies, respectively.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
