IMF predicts global growth slowdown to 3% in 2023

The IMF anticipates a global growth slowdown, with projections of 3% for this year and 2.9% in 2024, according to Pierre-Olivier Gourinchas, the head of the Fund’s Research Department. This comes as divergence among economies widens. The IMF’s Chief Economist, in a media release, advised central banks to prioritize price stability while aiming to sustain growth amidst inflation challenges.