IMF forecasts 2023 global GDP at 2.8% vs 2.9% in January

• 2024 GDP lowered to 3.0% vs 3.1% in January
• China forecasts for 2023 and 2024 unchanged at 5.2% and 4.5%, respectively
• Japan 2023 GDP lowered to 1.3% from 1.8%
• Eurozone 2023 growth at 0.8% vs 0.7% in January
• UK and German GDP GDP Gross Domestic Product (GDP) is the monetary value of all the goods and services produced within a country's borders in a specific period of time, typically a year. It is used to measure the economic activity and growth of a country. Periods shorter than a year are often presented in an annualized or year-over-year format.There are three ways to calculate GDP:The expenditure approach: GDP is calculated by adding up all the spending on goods and services within a country. This includes consumer s Gross Domestic Product (GDP) is the monetary value of all the goods and services produced within a country's borders in a specific period of time, typically a year. It is used to measure the economic activity and growth of a country. Periods shorter than a year are often presented in an annualized or year-over-year format.There are three ways to calculate GDP:The expenditure approach: GDP is calculated by adding up all the spending on goods and services within a country. This includes consumer s Read this Term still seen slightly contracting this year
• US growth to 1.6% from 1.4% in January
• A plausible alternative scenario of more moderate lending would cut growth by 0.3 pp from baseline
• Banking system turmoil appears contained but further tightening of lending would further reduce growth
• Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term still too elevated, monetary policy should focus on bringing it down

Overall, these numbers are remarkably stable but that's concerning given all the good news on US growth and consumer spending.