60 The International Monetary Fund (IMF) has predicted that 2023 will be a challenging year for the global economy, as the main drivers of global growth – the US, Europe, and China – all experience a slowdown in activity. According to IMF Managing Director Kristalina Georgieva, this is due to the simultaneous slowing down of the three major economies. The IMF’s outlook for global economic growth in 2023 was downgraded in October, due to various factors including the ongoing conflict in Ukraine, inflation pressures, and high-interest rates set by central banks to curb inflation. Georgieva also mentioned that China would likely see a surge in COVID-19 infections in the coming months, which will further impact its economy and drag on regional and global growth. You Might Be Interested In Oman safe debt limit estimated at 30% of GDP U.K. Inflation Looks To Have Finally Broken India is seeing a massive aviation boom Dollar Strengthens as FOMC Announces Hawkish Pause in Interest Rate Hiking India on track to rank as one of the top-performing major stock markets globally, in 2022, tweets Bloomberg ABAC III in Cebu drives inclusive growth across APEC economies
