The World Economic Outlook as of May 2023
The global economy is facing a mixed outlook in May 2023, with several key factors affecting growth prospects for the year ahead. The ongoing COVID-19 pandemic remains a major concern, while issues such as inflation, supply chain disruptions, and geopolitical tensions are also impacting economic performance around the world. The International Monetary Fund (IMF) has revised its global growth forecast for 2023, predicting an expansion of 4.9%, down slightly from its previous estimate of 5.2%. The IMF cites a number Read Full Details…