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- 3.0 percentThe world economic outlook for July 2023 predicts a global growth rate of 3.0 percent, down from an estimated 3.5 percent in 2022. Central bank policy rate increases to combat inflation are impacting economic activity. Global headline inflation is expected to decline from 8.7 percent in 2022 to 6.8 percent in 2023 and 5.2 percent in 20241. The slowdown is particularly pronounced in advanced economies, where growth will fall from 2.7 percent in 2022 to 1.5 percent in 20232.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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/WEO/Issues/2023/07/…Under 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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