News > Key takeaways from IMF’s latest World Economic Outlook update

Key takeaways from IMF’s latest World Economic Outlook update

The Indian Express | 31/01/2023 01:35 PM | Click to read full article

In its January update of the World Economic Outlook (WEO) report, the IMF has marginally improved the forecast for global growth in 2023 — a relief, given the fears of a global recession in 2023. Here are three key takeaways from the latest update: In the October 2022 WEO, the IMF forecast that the global growth rate will decelerate from 3.4% in 2022 to 2.7% in 2023.  In the January update, however, the IMF effectively rules out a global recession: “Negative growth in global GDP or global GDP per capita—which often happens when there is a global recession—is not expected.”

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