The International Monetary Fund or IMF considers that global economic conditions have reached a turning point even though growth is still weak. The agency also raised its global economic growth projection for 2023. IMF First Deputy Managing Director Gita Gopinath explained that his party has now set a global economic growth projection for 2023 at 2.9 percent. This projection is up from the IMF's calculations in October 2022, namely 2.7 percent. Gita considers that the increase in the projection indicates a good economic recovery so that the global prospects improve. He also believes that 2023 will be a turning point for the global economy to grow. With this latest projection, global economic growth in 2023 will still be lower than 2022 at 3.4 percent. However, the IMF believes that growth will continue, as seen from the 2024 economic growth projection which rises to 3.1 percent. In his January 2023 World Economic Outlook presentation, IMF Chief Economist Pierre-Olivier Gourinchas explained that global economic growth this year has increased in line with sluggish inflation. The war in Ukraine is still a pressure on the global economy. In addition, the easing of restrictions in China gave a boost to global economic activity and conditions. As is known, China has an important role in global trade and supply chains, so that the country's growth will affect other countries. "China's opening paved the way for economic activity to recover, global financial conditions have improved as inflationary pressures have begun to ease, and the weakening US dollar is a breath of fresh air for developing countries," said Gourinchas. #commodity #equity #technicalanalysis #technology #news #investors #intraday #investing #fundamentalanalysis #stake #markets #liquidity #nasdaq #forex #portfolio #trading #capital #stocks #margins #facts #livetrading #economicnews #derivatives #globalnews #globaleconomy