2min chapter

The Real Story cover image

What is economic growth and why does it matter?

The Real Story

CHAPTER

Introduction

The IMF has downgraded its projections for global growth next year. It blames Russia's invasion of Ukraine, rising prices and a slowdown in the rate of economic expansion in China. The 2023 slowdown will be broad-based, with countries accounting for a third of the global economy expected to contract this year or next.

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