The International Monetary Fund (IMF) revealed that global growth in the first quarter slightly exceeded its forecast in April, but the data since then gives a mixed picture, showing "some robustness" along with signs of slowing. Manufacturing activity in the economies of the group countries shows signs of weakness, and global trade remains weak, but demand for services is strong, especially in countries where the tourism sector is recovering. The IMF did not address any changes to its April forecast for global GDP growth of 2.8 percent, down from 3.4 percent in 2022, revealing that risks are "mostly" downward.
Source (Al-Arabiya.net Website, Edited)
