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World Economic Situation and Prospectus 2023
February 2 , 2023
660 days
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- The United Nations Department of Economic and Social Affairs launched the “World Economic Situation and Prospects” report.
- It is also known as World Economy Report.
- The report says that the economic growth of the world is slowing down.
- It is to reach 1.9% in 2023 from 3% in 2022.
- Global Inflation is to remain at 6.5% in 2023.
- Countries will face recession as they enter 2024.
- India’s economic growth rate as predicted by the report is 5.8% in 2023 and 6.7% in 2024.
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