Global economic growth is projected to moderate during 2022 and 2023 following an estimated more robust growth in 2021. The expected moderation in global growth during 2022 and 2023 incorporates anticipated effects of mobility restrictions, border closures, and health impacts from the spread of the Omicron variant. Based on the IMF’s World Economic Outlook (WEO) update for January 2022, global growth is projected to slow to 4.4 percent in 2022 and further to 3.8 percent in 2023, from an estimated increase of 5.9 percent in 2021. The latest update indicates a downward revision of 0.5 percentage points for 2022 relative to the October 2021 WEO (Appendix II), whereas the forecast for 2023 is revised by 0.2 percentage points. Goldman Sachs expects global growth to moderate to 4.5 percent in 2022 and 3.4 percent in 2023, from 5.9 percent in 2021.
What does this hold for the man on the street and the small and medium enterprises? Let's join experts in the field during #GEW2022 on 18 November at 09:00 at the Avani Hotel and Casino to find directives on how to continue the growth patterns that we planned.