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IMF: Global inflation will decrease in next two years

31 January 2023 10:29 (UTC +04:00)

The International Monetary Fund (IMF) has improved its global economic growth forecast, APA-Economics reports.

Global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1
percent in 2024. The forecast for 2023 is 0.2 percentage point higher than predicted in the October 2022
World Economic Outlook (WEO) but below the historical (2000–19) average of 3.8 percent. The rise in
central bank rates to fight inflation and Russia’s war in Ukraine continue to weigh on economic activity. The
rapid spread of COVID-19 in China dampened growth in 2022, but the recent reopening has paved the way
for a faster-than-expected recovery. Global inflation is expected to fall from 8.8 percent in 2022 to 6.6 percent in
2023 and 4.3 percent in 2024, still above pre-pandemic (2017–19) levels of about 3.5 percent.