Posted 10/10/2023, 8:35:00 AM
IMF: Global economy resilient but faces slower growth amid risks
- Global economy has shown resilience against recent shocks like Ukraine war and cost of living crisis, says IMF
- IMF forecasts slower but steady growth - 3.5% in 2022 to 3% in 2023 and 2.9% in 2024
- US and Eurozone growth forecasts slightly revised up and down respectively
- UK forecast cut to 0.5% growth in 2023 due to high inflation and energy prices
- Risks remain including China real estate, commodity prices, stubborn inflation, financial crash, and high debt levels
