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 to learn 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

Mar 20, 2026 12:04

Platinum Prices Fluctuated Within a Range, While Spot Premiums Remained Stable and Transactions Were Normal [SMM Daily Review]

Mar 20, 2026 12:04

Mar 20, 2026 12:03

Silver Prices Continued Their Downtrend, Suppliers Held Back on Selling and Waited to See, While Sluggish Market Transactions Remained Unchanged [SMM Daily Review]

Mar 20, 2026 12:03

Mar 20, 2026 09:47

CME Group: Approved Changes in Gold, Gold (Enhanced Delivery), and Silver Storage Rates for Delaware Depository

Delaware Depository, a COMEX/NYMEX Depository for the storage and delivery of gold, gold (enhanced delivery), silver, platinum, and palladium deliverable against the Exchange’s respective futures contracts, will implement new rates in connection with Storage of Gold, Gold (Enhanced Delivery), and Silver at its facilities located in Delaware. The new rates reflect the maximum amounts of fees that can be charged and will be effective July 1, 2026.

Mar 20, 2026 09:47