The International Monetary Fund (IMF) maintains its 2023 global growth forecast at 3.0%, but flags concerns over a world economy “limping along” due to persistently high inflation. In a press conference during the annual meetings in Marrakesh, the IMF’s chief economist, Pierre-Olivier Gourinchas, highlights the uneven recovery, cautioning against premature easing of monetary policies. While the United States outperforms with a growth upgrade, China faces a lowered outlook amidst a real estate crisis. Germany’s recession deepens, and the eurozone is forecasted to grow modestly. Gourinchas urges Chinese authorities to take forceful actions, emphasizing the need for global cooperation to navigate economic challenges.
IMF Warns of Fragile Global Economy with High Inflation and Regional Variances
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