The global economic growth is expected to be reduced in 2023 to 2.2%

Author:Xinhuanet Time:2022.09.26

Xinhua News Agency, Paris, September 26 (Reporter Liu Fang) Economic Cooperation and Development Organization (Economic Organization) released the mid -term economic outlook report on the 26th that the global economic slowdown exceeds expectations. In 2023, it will slow down to 2.2%, lower than the 2.8%predicted in June this year.

The report said that the impact of the new crown epidemic is still there. The Ukraine crisis has greatly pushed high energy and food prices and exacerbated inflation pressure. At present, the indicators of many economies indicate long -term growth. In the second quarter of this year, the global GDP was stagnant, and the inflation rate of many economies in the first half of the year reached the highest level since the 1980s.

The report predicts that the US economy will grow by 1.5%this year, and the growth rate will slow to 0.5%next year; the euro zone economy will grow by 3.1%this year, and the growth rate will slow down to 0.3%next year. 2.8%and 2.2%.

The report pointed out that many economies are undergoing large -scale inflation, and the overall inflation level of most major economies will reach its peak in this quarter. Looking forward to next year, although the currency tightening policy and supply bottleneck relief is expected to alleviate global inflation pressure, rising energy prices and rising labor costs may slow down the pace of inflation.

The Headquarters Organization of Paris was established in 1961. There are currently 38 member states, including the United States, Britain, Germany, France, Japan, and South Korea.

[Editor in charge: Zhang Yongsu]

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