BEIJING, Jan. 4, 2023 /PRNewswire/ — With the lingering impact of COVID-19 and negative spillovers from the situation in Ukrainianthe global economy, which has already shown a loss of momentum, is facing uncertainties.
Continued fiscal and monetary tightening to bring down inflation in several countries, coupled with supply chain disruptions and decreasing industrial production, further dim global economic prospects.
The Institute of International Finance based in Washington, D.C forecasts that global economic growth will be low but net positive at around 1.2 percent in 2023 and that declines in consumer and business confidence will cause a 2.0-percent decline

