The International Monetary Fund (IMF) on Tuesday raised its 2023 global growth outlook slightly due to surprisingly resilient demand in the United States and Europe, an easing of energy costs and the reopening of China’s economy after the lifting of pandemic curbs. The IMF said global growth would still drop to 2.9% in 2023 from 3.4% in 2022, but its latest World Economic Outlook forecasts mark an improvement over an October prediction of 2.7% this year with warnings that the world could easily tip into recession. Meanwhile, global inflation is set to fall from 8.8% in 2022 to 6.6% this year and 4.3% in 2024.
