UN：2023年中世界经济形势与展望报告（EN）.pdfVIP

2023 World Economic Situation and Prospects MID-YEAR UPDATE World Economic Situation and Prospects as of mid-2023 Summary The world economy is facing severe headwinds inflationary pressures, the global economy is amid weak growth prospects, elevated inflation expected to pick up some momentum in 2024, and heightened uncertainties. A confluence but at 2.5 per cent, growth is projected to remain of factors – legacy effects of the COVID-19 well below the longer-term (2000-2019) average pandemic, the lingering war in Ukraine, the of 3.1 per cent. ever-worsening impact of climate change and rapidly shifting macroeconomic conditions Against a backdrop of multiple interconnected – are clouding the economic outlook, even crises and heightened macroeconomic uncertainties, monetary and fiscal policy as the global picture shows slight signs of improvement. Persistently high inflation has challenges have further intensified. The recent prompted the most aggressive interest rate banking sector turmoil in the United States hikes in decades, causing financial conditions and Europe has illustrated fragilities in the to tighten sharply and exacerbating debt financial system, complicating the trade-off for vulnerabilities. central banks between fighting inflation and preserving financial stability. After a decade of While economic prospects remain subdued, the loose monetary policy with low interest rates slowdown in global growth in 2023 is likely to and quantitative easing in developed countries, be less severe than previously expected, mainly which encouraged excessive l