IMF has predicted a hard financial year as 2023

The International Monetary Fund (IMF) has predicted a tough 2023 as it cut growth predictions and forecast economic contraction in a third of the world media reported. Now, 2.7 per cent growth is expected next year.

It’s down from the 6 per cent growth experienced last year and the 3.2 per cent growth forecast for this year.
This is the “weakest growth profile” since 2001, excluding the acute phase of the Covid-19 pandemic and the global financial crisis, the IMF said.