The International Monetary Fund (IMF) raised its forecast for world economic growth in 2023 to 3.0% on the 25th, 0.2 percentage points higher than the forecast in April. However, the IMF also believes that the world economy faces multiple downside risks, and the growth is still weak. The IMF released an update to its World Economic Outlook report on the same day, predicting that the world economic growth rate will decrease from 3.5% last year to 3.0% this year. The IMF expects the world economy to grow at 3.0% in 2024, maintaining its previous forecast unchanged. The IMF believes that the growth of developed economies has significantly slowed down, and it is expected that the growth rate will decrease from 2.7% in 2022 to 1.5% in 2023. Specifically, the expected economic growth of the United States in 2023 is 1.8%, and the growth rate will slow down to 1.0% in 2024. The economic growth expectations for the eurozone for this year and the next two years are 0.9% and 1.5%, respectively. The IMF expects emerging markets and developing economies to continue to maintain a stable recovery momentum, with a growth rate of 4.0% in 2023, an increase of 0.1 percentage points from the April forecast. According to the latest IMF forecast, China's economic growth rate in 2023 will be 5.2%, which is consistent with the April forecast. The IMF believes that the pace of global economic recovery after the pandemic is slowing down, and the gap between various economic sectors and regions is constantly widening. The measures taken by multiple central banks to curb inflation and increase policy interest rates continue to put pressure on economic activity. The IMF warns that there are still multiple downside risks to global economic growth, manifested in sustained inflation, repricing of financial markets, increased debt pressure on emerging and developing economies, and deepening geopolitical divisions. If further shocks occur, inflation may further rise, triggering more restrictive monetary policies, and financial sector turmoil may reappear. The IMF pointed out that for most economies, the primary task remains to curb inflation while ensuring financial stability. Central banks of various countries should continue to work towards restoring price stability, strengthening financial regulation, and risk monitoring. (New News Agency)