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The baseline forecast is for growth to fall from 3.4 percent in 2022 to 2.8 percent in 2023, before settling at 3.0 percent in 2024. Advanced economies are expected to see an especially pronounced growth slowdown, from 2.7 percent in 2022 to 1.3 percent in 2023. In a plausible alternative scenario with further financial sector stress, global growth declines to about 2.5 percent in 2023 with advanced economy growth falling below 1 percent. Global headline inflation in the baseline is set to fall from 8.7 percent in 2022 to 7.0 percent in 2023 on the back of lower commodity prices but underlying (core) inflation is likely to decline more slowly. Inflation’s return to target is unlikely before 2025 in most cases.
Who is the author of the book The Power of Humility : How Humble High Achievers Are Rewriting the Rules of Leadership?
Recently RBI has imposed a penalty of Rs 27.5 lakh in which public sector bank?
The ECO Mark Scheme is boeing administered by the Bureau of Indian Standards, instituted by the Government of India, and is designed for the labeling of...
Which country’s Ministry of Transport and Road Safety has announced the country's first certification for unmanned aircraft vehicles (UAVs) to ope...
Exercise Sangam, a joint Naval Special Forces exercise between India and which country?
INS Shivalik, an Indian multi-role stealth frigate, participated in which major naval exercise held at Pearl Harbour in 2024?
Under Project Aspire, how much capital expenditure has BPCL planned for city gas distribution?
The Government of India hiked the deposit limit and interest rate for the Senior Citizen Savings Scheme (SCSS) this year & has also now allowed senior c...
Who among the following is the President of Sri Lanka?
Which three Indian cities, nominated under the Wetland City Accreditation (WCA) scheme, are seeking international recognition for their efforts to prote...