World Economy: The long recession*

Apr 19th 2023, C.P. Chandrasekhar and Jayati Ghosh

The world economic outlook released in time for the recently concluded spring meetings of the World Bank and the IMF presents a gloomy picture. Global GDP growth is expected to fall from 3.4 percent in 2022 to 2.8 percent in 2023, and recover only marginally to 3.0 percent in 2024.

* This article was originally published in the Business Line on April 17, 2023.


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