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IMF predicts global growth slowdown to 3% in 2023
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October 10, 2023October 10, 2023Uncategorized

IMF predicts global growth slowdown to 3% in 2023

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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...

UN warns of global economic slowdown, calls for reforms
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October 5, 2023October 5, 2023Uncategorized

UN warns of global economic slowdown, calls for reforms

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The global economy is at a critical juncture, with varying growth rates among economies. The UN predicts a slowdown in global economic growth from 3% to 2.4% in 2023, with limited improvement in 2024. This underscores the need for financial system reforms, policies to address inflation, inequality, and sovereign debt, and increased oversight of critical...