IMF raises growth forecasts as gas prices fall and China reopens

The International Monetary Fund projects global growth to fall from 3.4% in 2022 to 2.9% in 2023, and then rise to 3.1% in 2024. Inflation is peaking amid low growth. 

Key notes

Worldwide inflation would decline to 6.6% in 2023 and 4.3% in 2024, from 8.8% in 2022, due to reduced commodity prices and rate hikes decreasing demand.

More to come...