{"id":82166,"date":"2023-01-31T09:10:47","date_gmt":"2023-01-31T09:10:47","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown"},"modified":"2023-01-31T09:23:44","modified_gmt":"2023-01-31T09:23:44","slug":"imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown","title":{"rendered":"IMF revises up global economy forecast for 2023, still expects slowdown"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>The International Monetary Fund has revised up its outlook for the global economy in 2023 but still expecting a slowdown this year before a rebound in 2024.<\/p>\n

According to an IMF report released late Monday, the world gross domestic product growth rates will remain weak due to the ongoing Russia-Ukraine war and high inflation figures.<\/p>\n

The world economy is expected grow 2.9% in 2023, upgraded from 2.7% in the IMF\u2019s October report, but down from 3.4% expansion for 2022.<\/p>\n

The IMF expected a rebound to 3.1% in 2024.<\/p>\n

Advanced economies will see bigger decreases in growth rates, from 2.7% in 2022 to 1.2% in 2023 and 1.4% in 2024.<\/p>\n

The GDP growth rate expectations for the US was at 1.4% in 2023 and 1% in 2024.<\/p>\n

The report also showed that British economy is expected to narrow 0.6% in 2023 before expanding 0.9% next year.<\/p>\n

The growth forecasts for emerging markets and developing economies were at 4% in 2023 and 4.2% in 2024.<\/p>\n

The Russian economy, which shrank 2.2% in 2022, is expected expand 0.3% this year and 2.2% next year.<\/p>\n

In its October report, the IMF forecast 1.1% growth for advanced economies and 3.7% for emerging market and developing economies.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. The International Monetary Fund has revised up its outlook for the global economy in 2023 but still expecting a slowdown this year before a rebound in 2024. According to an IMF report released late Monday, the world gross domestic product growth rates will remain weak due to the ongoing Russia-Ukraine war and […]<\/p>\n","protected":false},"author":84,"featured_media":82165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-82166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nIMF revises up global economy forecast for 2023, still expects slowdown - kenya<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund has revised up its outlook for the global economy in 2023 but still expecting a slowdown ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF revises up global economy forecast for 2023, still expects slowdown\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund has revised up its outlook for the global economy in 2023 but still expecting a slowdown ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-31T09:10:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-31T09:23:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1675143674.36.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF revises up global economy forecast for 2023, still expects slowdown\",\"datePublished\":\"2023-01-31T09:10:47+00:00\",\"dateModified\":\"2023-01-31T09:23:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown\"},\"wordCount\":192,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1675143674.36.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-revises-up-global-economy-forecast-for-2023-still-expects-slowdown\",\"name\":\"IMF revises up global economy forecast for 2023, still expects slowdown - 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