{
  "title": "Latest Global Growth Forecasts Show Challenges Facing Economies",
  "publication": "IMF Blog, October 19, 2022",
  "sourceUrl": "https://www.imf.org/en/blogs/articles/2022/10/19/latest-global-growth-forecasts-show-challenges-facing-economies",
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  "summary": "The IMF’s World Economic Outlook released last week forecasts that global economic growth will slow from 3.2 percent this year to 2.7 percent next year. The 2022 projection was unchanged from the last estimate, in July, but next year’s was cut by 0.2 percentage point.",
  "sections": [
    {
      "heading": "Key growth forecasts",
      "content": "- The IMF’s World Economic Outlook released last week forecasts that global economic growth will slow from 3.2 percent this year to 2.7 percent next year.\n- The 2022 projection was unchanged from the last estimate, in July, but next year’s was cut by 0.2 percentage point.\n- The 2023 projection is less than half of last year’s 6 percent expansion."
    },
    {
      "heading": "Scope and severity",
      "content": "- The global deceleration will be broad-based, with many economies poised to contract.\n- Countries accounting for about a third of the global economy are estimated to have a two-quarter contraction in real gross domestic product this year or next."
    },
    {
      "heading": "Uncertainty and downside risks",
      "content": "- There is a one-in-four probability global growth will fall below 2 percent next year.\n- There is a likelihood of 10 percent to 15 percent that global growth will drop below 1 percent next year."
    },
    {
      "heading": "Chart of the Week / Interaction",
      "content": "- The Chart of the Week aggregates all GDP forecasts from the latest assessment.\n- Interactive features: click an economy to see projections; move the slider for historical data or future estimates."
    },
    {
      "heading": "Publication metadata",
      "content": "- Author: The Editors\n- Date: October 19, 2022\n- Platform: IMFBlog\n\nSource: IMF blog post \"Latest Global Growth Forecasts Show Challenges Facing Economies\" (October 19, 2022).\n\n---\n\n\n References\n\n- World Economic Outlook\n\nSource: https://www.imf.org/en/blogs/articles/2022/10/19/latest-global-growth-forecasts-show-challenges-facing-economies"
    }
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    "Authors: The Editors",
    "Published: October 19, 2022",
    "The IMF’s World Economic Outlook released last week forecasts that global economic growth will slow from 3.2 percent this year to 2.7 percent next year.",
    "The 2022 projection was unchanged from the last estimate, in July, but next year’s was cut by 0.2 percentage point.",
    "The 2023 projection is less than half of last year’s 6 percent expansion.",
    "The global deceleration will be broad-based, with many economies poised to contract.",
    "Countries accounting for about a third of the global economy are estimated to have a two-quarter contraction in real gross domestic product this year or next.",
    "There is a one-in-four probability global growth will fall below 2 percent next year.",
    "There is a likelihood of 10 percent to 15 percent that global growth will drop below 1 percent next year.",
    "The Chart of the Week aggregates all GDP forecasts from the latest assessment.",
    "Interactive features: click an economy to see projections; move the slider for historical data or future estimates.",
    "Author: The Editors",
    "Date: October 19, 2022",
    "Platform: IMFBlog",
    "[World Economic Outlook](https://www.imf.org/en/Blogs/Articles/2022/10/11/policymakers-need-steady-hand-as-storm-clouds-gather-over-global-economy)"
  ],
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