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‘Surprisingly resilient’: IMF lifts global growth forecasts

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The International Monetary Fund (IMF) has raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand in the United States and Europe and the reopening of China’s economy after Beijing abandoned its strict zero-COVID strategy.
The IMF said global growth would still fall to 2.9 percent in 2023 from 3.4 percent in 2022, but its latest World Economic Outlook forecasts mark an improvement over an October prediction of 2.7 percent growth this year, with warnings that the world could easily tip into recession.

Al Jazeera’s Zein Basravi reports.

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Category
World
Tags
2023 global growth outlook, Al Jazeera, Al Jazeera English
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