The global economy is projected to expand 3.0 percent in 2023 and 2.8 percent in 2024, a slower pace than the 3.4 percent rate in 2022. Inflation is receding in most countries but remains above central bank targets.
Dynan, Karen. "Advanced economies will experience subdued growth, outlook for emerging markets is varied." Peterson Institute for International Economics (September 29, 2023).