Most of the GCIOSGF members have studied about this topic from the survey by a famous world economic institute usually published twice every year. It presented economists' analyses of global economic developments during the near and medium term. Each Chapter gave an overview as well as more detailed analysis of the world economy; considered issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current interest.
Main conclusion: Global growth is expected to moderate from 5.9 in 2021 to 4.4 percent in 2022—half a percentage point lower for 2022 than in the October World Economic Outlook (WEO), largely reflecting forecast markdowns in the two largest economies. A revised assumption removing the Build Back Better fiscal policy package from the baseline, earlier withdrawal of monetary accommodation, and continued supply shortages produced a downward 1.2 percentage-points revision for the United States. In China, pandemic-induced disruptions related to the zero-tolerance COVID-19 policy and protracted financial stress among property developers have induced a 0.8 percentage-point downgrade. Global growth is expected to slow to 3.8 percent in 2023.
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