"Divergent growth prospects across the world’s regions pose a challenge to returning to prepandemic output trends. Despite signs of resilience earlier in 2023, the impact of policy tightening to reduce inflation is expected to cool economic activity going forward. While risks to the outlook are more balanced than earlier in the year, on account of Swiss and US authorities’ having acted decisively to contain financial turbulence, they remain tilted to the downside, implying little margin for policy errors."

This report was prepared by IMF in English language. Click here to access its full version in English.

Source: International Monetary Fund

Illustration: IMF