The International Monetary Fund (IMF) reported that it expects the world economy to grow 3.2% this year, down from 6.1% in 2021 and 0.4% lower than forecast in April. The financial institution attributed the global decline to economic downturns in the U.S., China and Europe, the world's three biggest economies, the result of high inflation worldwide, a coronavirus-related slowdown in China, and the war in Ukraine. The IMF predicts 2023 to be even lower at 2.9% economic growth, only slightly above the 2.5% level that would indicate a global recession.
Global Economy IMF Recession


  1. Global economy: Outlook worsens as global recession looms

    UN statement on IMF report

  2. World Economic Outlook Update, July 2022

    Summary of IMF report

  3. World Economic Outlook Update, July 2022

    Download full IMF report

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  1. IMF Reports and Meetings
  2. Global Economy

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