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The World Economic Outlook (WEO) by the International Monetary Fund (IMF) is a semiannual survey that provides an analysis of the global economic situation and prospects. The 2023 spring edition of the WEO forecasts a rocky recovery for the global economy, with growth expected to slow down to 3.6% in 2023, down from 6% in 2022. The main drivers of this slowdown are expected to be the end of the pandemic-related fiscal and monetary support, the tightening of monetary policy, and the war in Ukraine. The report also highlights the risks of inflation, debt distress, and financial instability. The report recommends that policymakers should focus on supporting the recovery, strengthening financial systems, and addressing the long-term challenges of climate change and inequality.
