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- 2.9%The IMF has cut its global growth projections for 2022 and 2023123, citing the impact of the pandemic and other factors. The world economy is expected to grow 3.2% in 2022 and 2.9% in 2023453, which is below the historical average of 3.8%4. The slowdown will be more pronounced for advanced economies, with nine out of ten seeing growth decelerate this year5. Beyond 2023, global growth is forecast to decline to about 3.3% over the medium term1.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 slow from an estimated 6.1 percent in 2021 to 3.6 percent in 2022 and 2023. This is 0.8 and 0.2 percentage points lower for 2022 and 2023 than projected in January. Beyond 2023, global growth is forecast to decline to about 3.3 percent over the medium term.www.imf.org/en/Publications/WEOThe International Monetary Fund predicts global growth will slow to 2.7% in 2023. “The worst is yet to come, and for many people 2023 will feel like a recession,” the report reads. Its GDP estimate for this year remained steady at 3.2%, which was down from the 6% seen in 2021. The International Monetary Fund predicts global growth will slow.www.cnbc.com/2022/10/11/imf-cuts-global-growth-f…The International Monetary Fund on Tuesday cut its global growth projections for 2022 and 2023, dubbing the world’s economic outlook “gloomy and more uncertain.” The IMF now expects the world economy to grow 3.2% this year, before slowing further to a 2.9% GDP rate in 2023.www.cnbc.com/2022/07/26/imf-cuts-global-gdp-for…Global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024. The forecast for 2023 is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook (WEO) but below the historical (2000–19) average of 3.8 percent.www.imf.org/en/Publications/WEO/Issues/2023/01/…Global growth is expected to slow from 3.4 percent in 2022, to 2.9 percent in 2023, then rebound to 3.1 percent in 2024. For advanced economies, the slowdown will be more pronounced, with a decline from 2.7 percent last year, to 1.2 percent this year. Nine out of ten advanced economies will see growth decelerate this year.www.imf.org/en/News/Articles/2023/01/31/tr-13123 …
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