The world economy is set to grow 2.9 percent this year, the IMF said Monday, raising its forecast on surprisingly strong consumption and investment while China's lifting of zero-Covid restrictions provides another boost.
"The year ahead will still be challenging... but it could well represent a turning point with growth bottoming out and inflation declining," said International Monetary Fund chief economist Pierre-Olivier Gourinchas as the Washington-based crisis lender released its latest economic outlook update.
(Published 31 January 2023, 04:53 IST)
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