The IMF = International Monetary Fund has announced the latest outlook for the world economy, raising the economic growth rate of this year by 0.2 points to 2.9%.
This is due to the fact that inflation is on a declining trend and the change in China's "zero corona" policy.
The IMF released its latest outlook for the world economy on the 31st, setting the global growth rate for this year at 2.9%.
Central bank interest rate hikes to curb inflation and Russia's invasion of Ukraine weighed on economic activity, which is expected to fall below the average growth rate of 3.8% over the past 20 years through 2019.
On the other hand, given that inflation is declining in many countries and regions, and that China has changed its "zero corona policy" and is rapidly resuming economic activity, this year's growth rate has been revised down from the previous year. It was raised by 0.2 points from October.
We also expect it to recover to 3.1% next year.
By country and region, the United States will slow to 1.4% this year and slow to 1% next year due to high interest rates.
China also sees growth accelerating to 5.2% this year and 4.5% next year.
Japan is expected to accelerate to 1.8%, up 0.2 points from the previous year, due to the continuation of the Bank of Japan's monetary easing, but next year it will slow down to 0.9% as the effects of the economic stimulus measures so far fade.
"The global economy remains prone to downside risks, but downside risks have abated," the IMF said.