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IMF: Global economic growth to remain weak in 2023, expected to rebound in 2024

Posted: Sunday, February 5, 2023. 2:59 pm CST.

By Breaking Belize News Staff: According to a report by the International Monetary Fund (IMF), global economic growth is expected to remain weak in 2023 before rebounding in the following year. The report cites several factors contributing to the current sluggish growth, including the ongoing COVID-19 pandemic and its impacts on both the healthcare sector and the global economy.

Despite the current challenges, the IMF remains optimistic about the future, forecasting a return to stronger growth in 2024. The report states that the global economy is expected to grow by 5.5% in 2024, with many countries experiencing a significant rebound in economic activity.

The report also highlights the importance of continued efforts to mitigate the impacts of the COVID-19 pandemic, including ramping up vaccination efforts and providing support to those affected by the pandemic. Additionally, the IMF calls for continued efforts to address the challenges posed by the ongoing global recession and to support a strong and sustainable recovery.

The IMF’s report serves as a reminder of the ongoing challenges faced by the global economy, and the need for continued efforts to support economic recovery in the wake of the COVID-19 pandemic.

 

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