Global economy slowdown expected, IMF report suggests


The International Monetary Fund (IMF) has projected a decrease in global growth to 3.0% in 2023, further declining to 2.9% in 2024, according to its "Navigating Global Divergences" report. This anticipated slowdown is attributed to multiple shocks including rising living costs, geo-economic fragmentation, the withdrawal of fiscal support, and cyclical factors.


Advanced economies are expected to experience a decline in growth from 2.6% to 1.5% in 2023 and further to 1.4% in 2024 due to policies aimed at curbing inflation. Meanwhile, developing economies are predicted to face a slight decrease from 4.1% in 2022 to 4.0% in the subsequent years, with disparities widening between regions.


Global inflation is set to decline from 8.7% in 2022 to 6.9% in 2023 and then further to 5.8% in 2024. This decline is attributed to tighter monetary policies and falling commodity prices, although core inflation pressures are expected to decrease at a slower pace.


The report also raises concerns about potential disruptions such as China's property sector crisis, the Ukraine conflict, extreme weather events, the transition to green energy, and potential spikes in food and energy prices due to climate and geopolitical shocks.


Source : Economy News by / October 30, 2023 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.