IMF Lifts World GDP Outlook on US Stability But Risks Linger
- GDP this year seen expanding 3%, from 2.8% forecast in April
- High rates, persistent inflation, sluggish China among dangers
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The International Monetary Fund raised its outlook for the world economy this year, estimating that risks have eased in recent months after the US averted a default and authorities staved off a banking crisis on both sides of the Atlantic.
Global gross domestic product will expand 3% in 2023, the IMF said in an update to its World Economic Outlook released Tuesday. While that’s still a slowdown from 3.5% growth last year, it’s faster than its 2.8% projection in April.