Global growth in 2023 is likely to be less severe than previously expected, due to resilient household spending

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Published (Updated) on Thursday, May 18, 2023

GLOBAL GROWTH — The United Nations revealed that global growth in 2023 is likely to be less severe than previously expected, due to resilient household spending in developed economies and recovery in China.
They revealed that Global growth is now projected to slow from 3.1 per cent in 2022 to 2.3 per cent in 2023, an upward revision by 0.4 percentage points from the January forecast..
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