●Released by: International Monetary Fund (IMF)
●IMF releases the WEO twice every year, in April and October (apart from updating it twice — in January and July)
● Key findings :
- World economy to grow 2.9% in 2023
-Recession risks have subsided, and central banks are making progress in controlling inflation
- Growth in India is set to decline from 6.8 percent in 2022 to 6.1 percent in 2023.
-Yet ,India will stay the world’s fastest growing major economy in 2023 and 2024
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