{"id":10230,"date":"2023-01-13T04:33:00","date_gmt":"2023-01-13T04:33:00","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=10230"},"modified":"2023-01-13T16:44:46","modified_gmt":"2023-01-13T16:44:46","slug":"global-growth","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2023\/01\/13\/global-growth\/","title":{"rendered":"Global growth"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>The International Monetary Fund (IMF)<sup>1<\/sup> has predicted a challenging 2023, reducing growth expectations and forecasting economic contraction in a third of the world, in its latest World Economic Outlook entitled <em>\u2018Countering the Cost-of-Living Crisis.\u2019<\/em><\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>With the cost-of-living crisis <em>\u2018tightening financial conditions in most regions\u2019<\/em>, the outlook suggests that in order to restore price stability, monetary policy should stay the course and fiscal policy should aim to alleviate pressures \u2018while maintaining a sufficiently tight stance.\u2019<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>The global growth rate for 2023 has been revised down from previous expectations to 2.7%. This reflects \u2018significant slowdowns\u2019 for the largest economies as America\u2019s gross domestic product (GDP) contracted in the first half of 2022, followed by the Euro area\u2019s contraction in the second half of last year, and prolonged COVID-19 outbreaks and lockdowns in China. Closer to home, the IMF predict <sup>growth<\/sup> of 3.6% in 2022 and 0.3% in 2023 for the UK.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>IMF, 2022<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>The value of investments and income from them may go down. You may not get back the original amount invested.<\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund (IMF)1 has predicted a challenging 2023, reducing growth expectations and forecasting economic contraction in a third of the world, in its latest World Economic Outlook entitled \u2018Countering the Cost-of-Living Crisis.\u2019 With the cost-of-living crisis \u2018tightening financial conditions in most regions\u2019, the outlook suggests that in order to restore price stability, monetary [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":10375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,90],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/10230"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=10230"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/10230\/revisions"}],"predecessor-version":[{"id":10491,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/10230\/revisions\/10491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/10375"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=10230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=10230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=10230"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=10230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}