IMF global economic outlook sees slight growth, but inflation still a drag

IMF economist Pierre-Olivier Gourinchas gave his assessment as the organization projected that global economic growth will slow to an estimated 3% in 2023 and 2024, down from 3.5% in 2022.

The IMF also predicts that global inflation is expected to fall from 8.7% in 2022 to 6.8% in 2023 and 5.2% in 2024.

In addition, China’s slow recovery following the reopening of its economy after the pandemic “shows signs of losing steam” the IMF said.