“Global inflation is expected to decline from 8.8% in 2022 to 6.6% in 2023 and to 4.3% in 2024, which is still above the pre-pandemic (2017-2019) level of about 3.5 %,” the IMF report says.
It is noted that the key factors that influenced the slowdown in economic activity in the world in 2022 were high global inflation, the Ukrainian conflict and new outbreaks of coronavirus in China.
The IMF also improved the forecast for the Russian economy for the next two years.