IMF global outlook – “Inflation peaking amid low growth” – raises its global GDP forecast

International Monetary Fund with its latest economic update.

Projects the global economy will grow 2.9% this year

• +0.2% from its previous forecast in October
• down from 3.4% in 2022
• forecasts +3.1% in 2024
• expects that 84% of nations will face lower headline inflation this year compared to 2022
• “Growth will remain weak by historical standards, as the fight against inflation and Russia’s war in Ukraine weigh on activity”

Full report is here: