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Bangkok Post

Business

A challenging year ahead

Alex Ng Payong Srivanich Sanan Angubolkul Yol Phokasub Economy Kerry Thailand Srettha Thavisin APEC Central Retail

Global economic growth in 2023 is expected to remain sluggish, following a year roiled by the war in Ukraine and soaring inflation.

The International Monetary Fund projects global economic growth of 2.7% in 2023, slowing from 3.2% last year and 6% in 2021.

A key factor behind the slowdown is a shift in monetary policy as central banks try to bring down soaring inflation, with higher interest rates starting to take the heat out of domestic demand.

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