World Bank cuts 2023 global growth forecast to 1.7% from 3.0% in June forecast | Forexlive

• Forecasts US GDP growth at +0.5% vs +2.2% in June forecast
• Eurozone flat vs +1.9% in June forecast
• Global growth outlook dimmed by effects of monetary tightening, slowdowns in US, eurozone, China and Ukraine war spillovers
• China 2022 growth was 2.7% but will recover to 4.3% in 2023

The World Bank warned that economic conditiosn are ‘fragile’ and that any new adverse development could push the global economy into recession.