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UPSC   |   24 February 2023 09:31:39

The World Economic Outlook Report



The World Economic Outlook is released by the International Monetary Forum.


It is a biannual report which analyzes and predicts global economic developments during the near and medium term.


This latest report predicts the inflation in India to reduce to 6.8% in March 2023.


Further by the end of 2023, the inflation is expected to reduce to 5% and in 2024, the inflation is expected to fall to 4%. 


The report said the global inflation is to reduce to 6.6% in 2023.


The other major report published by the IMF is the Global Financial Stability Report.