The latest "World Economic Situation and Prospects" report released by the United Nations on May 5, local time, raised the world economic growth forecast for 16 from 2023. The report highlights that the outlook for global economic recovery remains bleak as the pandemic continues to fall.
The risk of prolonged low economic growth remains amid high inflation, rising interest rates and heightened uncertainty, and worsening climate change. The state of the world economy in 2023 is better than previously forecast, according to the report.