Growth Projection Slightly More Optimistic
The IMF projects global economic growth to reach 2.9 percent this year, higher than the previous estimate of 2.7 percent, which was stated in the October 2022 edition of the World Economic Outlook report.
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View of multi-storey buildings in Jakarta, Wednesday (18/1/2023) evening. Global economic conditions in 2023 are predicted to be full of uncertainties.
JAKARTA, KOMPAS — Entering 2023, the projection for global economic growth is slightly more optimistic even though it is still overshadowed by fears of a slowdown. The International Monetary Fund projects global economic growth to reach 2.9 percent this year, higher than the previous estimate of 2.7 percent, which was stated in the October 2022 edition of the World Economic Outlook report.
In its latest report, the January 2023 edition of the World Economic Outlook Update published on Tuesday (31/1/2023), the IMF predicts that the global economic growth will slow down from 3.4 percent in 2022 to 2.9 percent in 2023 and then rise again to 3.1 percent in 2024.