The International Monetary Fund on Tuesday cut its forecast for global growth in 2023 from 2.9 to 2.8 percent.
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Although good growth is expected for the economies of major emerging countries, particularly China and India, it will be weaker than the IMF had hoped for advanced economies.
The International Monetary Fund (IMF) boosted China’s economic growth of 5.2 percent in 2023, while raising its forecast for eurozone economic growth to 0.8% this year.
The International Monetary Fund also forecast average oil prices to $73 a barrel this year and $69 for next year, raising its forecast for U.S. economic growth from 1.4 to 1.6 percent.
