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- The July 2023 World Economic Outlook Update from the IMF projects global growth to fall from an estimated 3.5% in 2022 to 3.0% in both 2023 and 2024. The report states that while the forecast for 2023 is modestly higher than predicted in the April 2023 World Economic Outlook, it remains weak by historical standards1. The rise in central bank policy rates to fight inflation continues to weigh on economic activity, and global headline inflation is expected to fall2. The slowdown is especially concentrated in advanced economies3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.July’s World Economic Outlook Update from the IMF projects global growth to fall from an estimated 3.5% in 2022 to 3.0% in both 2023 and 2024 (Exhibit 1). The report states, “While the forecast for 2023 is modestly higher than predicted in the April 2023 World Economic Outlook, it remains weak by historical standards.”www.mckinsey.com/capabilities/strategy-and-corpo…Description: Global growth is projected to fall from an estimated 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024. The rise in central bank policy rates to fight inflation continues to weigh on economic activity. Global headline inflation is expected to fall from 8.7 percent in 2022 to 6.8 percent in 2023 and 5.2 percent in 2024.www.imf.org/en/Publications/WEOUnder our baseline forecast, growth will slow down slightly less than projected, from 3.5 percent last year to 3 percent this year, a 0.2 percentage point upward revision for 2023. The slowdown is especially concentrated in advanced economies, where growth will fall from 2.7 percent last year to 1.5 percent this year.www.imf.org/en/News/Articles/2023/07/25/tr07252…
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