Skip to Content

UN forecasts fall in global economic growth to 1.9% in 2023

KIFI

By EDITH M. LEDERER
Associated Press

UNITED NATIONS (AP) — The United Nations is forecasting that global economic growth will fall significantly to 1.9% this year. That’s due to factors including the food and energy crisis sparked by the war in Ukraine, the impact of the COVID-19 pandemic, persistently high inflation and the climate emergency. The UN’s report Wednesday says the global economic slowdown “cuts across both developed and developing countries, with many facing risks of recession in 2023.” The U.N. calls the 1.9% economic growth forecast this year one of the lowest in recent decades. But it projected a moderate pick-up to 2.7% in 2024.

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content