World economic outlook update : inflation peaking amid low growth

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<title>World economic outlook update</title>
<subTitle>: inflation peaking amid low growth</subTitle>
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<name type="corporate" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080449803">
<namePart>International Monetary Fund</namePart>
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<issuance>monographic</issuance>
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<placeTerm type="text">Washington, DC</placeTerm>
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<publisher>International Monetary Fund</publisher>
<dateIssued>2023</dateIssued>
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<extent>11 p.</extent>
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<abstract displayLabel="Summary">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. The rise in central bank rates to fight inflation and Russia's war in Ukraine continue to weigh on economic activity. The rapid spread of COVID-19 in China dampened growth in 2022, but the recent reopening has paved the way for a faster-than-expected recovery. Global inflation is expected to fall from 8.8 percent in 2022 to 6.6 percent in 2023 and 4.3 percent in 2024, still above pre-pandemic (2017-19) levels of about 3.5 percent</abstract>
<tableOfContents displayLabel="Contents">Forces shaping the outlook -- The forecast: Growth buttoming outlook; Inflation Peaking -- Risks to the outlook -- policy priorities.
Box 1. Global financial stability update
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<topic>Perspectivas económicas</topic>
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<topic>Datos macroeconómicos</topic>
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<topic>Inflación</topic>
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<topic>Mercados financieros</topic>
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<topic>Recuperación económica</topic>
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<topic>COVID-19</topic>
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<topic>Conflictos armados</topic>
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<topic>Cambio climático</topic>
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<topic>Inversiones socialmente responsables</topic>
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