IMF Lowered Global Economic Growth Forecast for 2023-2024, Warns of Further Impact from Banking Crisis

Published: Apr 17, 2023 11:52

Save

On Tuesday local time, the International Monetary Fund (IMF) lowered its forecast for global economic growth in 2023 in the latest World Economic Outlook Report.

On Tuesday Apr 11 local time, the International Monetary Fund (IMF) lowered its forecast for global economic growth in 2023 in the latest World Economic Outlook Report.

It warned that due to negative factors such as the banking crisis, high inflation and the conflict between Russia and Ukraine, the global economic outlook faces a high degree of uncertainty.

It is estimated that the global economic growth rate in 2023 will be 2.8%, which is 0.1 percentage point lower than the forecast in January this year; the growth rate in 2024 is expected to be 3.0%, which was also lowered by 0.1 percentage point compared with the forecast in January this year.

Macro economy

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

12 hours ago

Platinum Prices Stop Falling and Rebound, Spot Market Discounts Widen Slightly, Trading Muted [SMM Daily Review]

12 hours ago

14 hours ago

Platinum Group Metals Rebound as Trump Suspends Airstrikes, Rhodium Rises

Following Trump’s post suspending airstrikes recently, platinum group metals (PGMs), which had been under severe downward pressure, staged a sharp rebound. Rhodium halted its streak of consecutive declines and edged higher, with prices hovering around RMB 1,970 per gram. Market participants note that PGMs are currently at a double low in technical indicators and market sentiment, endowing them with upward rebound momentum.

14 hours ago

Silver Price Corrective Rebound, Spot Parity Transactions Quietly Await Guidance [SMM Daily Review]

[SMM Daily Commentary: Silver Price Corrective Rebound, Spot Silver Transactions at Parity Await Guidance] SMM June 12 - The US-Iran tensions have eased, and silver prices rebounded slightly. Affected by the "rush to buy amid continuous price rise and hold back amid price downturn" mentality, transactions in the spot market were concentrated at parity. Going forward, attention needs to be paid to downstream purchase willingness.

14 hours ago