IMF raises global economic growth expectations to 3 percent ...Middle East

The International Monetary Fund has raised its global economic growth forecast for 2023 to 3 percent from 2.8 percent, the organization announced Tuesday. That’s a slight decrease from 2022’s 3.4 percent economic growth, but shows improvement over previous expectations. The U.S. economy is expected to grow by 1.8 percent in 2023 — above the average for other advanced economies — and 1 percent in 2024.  “The global economy continues to gradually recover from the pandemic and Russia’s invasion of Ukraine. In the near term, the signs of progress are undeniable,” IMF Research Director Pierre-Olivier Gourinchas said. “Yet many challenges still cloud the horizon, and it is too early to ce

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