Global Economy Turning Up?

Check out the accompanying pdf and chart collection. Executive Summary: The global economic outlook remains positive, though lackluster. The IMF forecasts 2.9% real GDP growth for the world economy next year versus a projected 3.0% this year and 3.5% in 2022, and the global economic indicators we track likewise suggest slow growth. … On the downside, global GDP growth has been less buoyed by US consumers since their mid-2021 pivot from splurging on goods to bingeing on services. Also weighing on global economic activity have been the slow growth of China’s economy, hamstrung by its property sector, and Europe’s economy, beset with poor sentiment, high inflation, and depressed lending and retail sales.