Global Economic Growth 2022-23


Global economic growth, however, will slow down to 4.1 percent this year from an estimated 5.5 percent in 2021, the report adds, warning that “Omicron-related economic disruptions could substantially reduce growth” to as low as 3.4 percent. The report points out that real interest rates in Pakistan dropped precipitously during 2020 and remained negative through 2021. The report notes that both Bangladesh and Pakistan saw their goods trade deficit widen to record levels on strong domestic demand and rising energy prices.

🔹 Global economic growth was 5.5 percent in 2021,

🔹 It will slow down to 4.1 in 2022.

🔹 And in 2023, it will further slow down to 3.4 percent. According to World Bank Report.