World Economic Outlook Update, July 2023: Near-Term Resilience, Persistent Challenges
The global recovery is slowing amid widening divergences among economic sectors and regions.
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Volume/Issue:
Volume 2023
Issue 004
Publication date: July 2023
ISBN: 9798400243219
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Topics covered in this book
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Economics- Macroeconomics , International - Economics , inflation , growth , interest rates , China , credit , global economy
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Summary
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. Underlying (core) inflation is projected to decline more gradually, and forecasts for inflation in 2024 have been revised upward.
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