1、MID-YEAR UPDATE2023World Economic Situation and ProspectsThe World Economic Situation and Prospects as of mid-2023 updates the World Economic Situation and Prospects 2023 released on 25 January 2023.The report is prepared by the Global Economic Monitoring Branch in the Economic Analysis and Policy D

2、ivision of the United Nations Department of Economic and Social Affairs.World Economic Situation and ProspectsMID-YEAR UPDATEWorld Economic Situation and Prospects as of mid-2023The world economy is facing severe headwinds amid weak growth prospects,elevated inflation and heightened uncertainties.A

3、confluence of factors legacy effects of the COVID-19 pandemic,the lingering war in Ukraine,the ever-worsening impact of climate change and rapidly shifting macroeconomic conditions are clouding the economic outlook,even as the global picture shows slight signs of improvement.Persistently high inflat

4、ion has prompted the most aggressive interest rate hikes in decades,causing financial conditions to tighten sharply and exacerbating debt vulnerabilities.While economic prospects remain subdued,the slowdown in global growth in 2023 is likely to be less severe than previously expected,mainly due to r

5、esilient household spending in developed economies and recovery in China.Global growth is now projected to slow from 3.1 per cent in 2022 to 2.3 per cent in 2023,an upward revision by 0.4 percentage points from the January forecast.Global inflation is projected to decline from 7.5 per cent in 2022 t

6、o 5.2 per cent in 2023,mainly due to lower food and energy prices and softening global demand.Amid easing inflationary pressures,the global economy is expected to pick up some momentum in 2024,but at 2.5 per cent,growth is projected to remain well below the longer-term(2000-2019)average of 3.1 per c