The International Monetary Fund (IMF) released its latest World Economic Outlook report on the 11th, predicting that China's economic growth rate will be 5.2% in 2023, which will have a positive boosting effect on the global economy. Pierre Olivier Gulansha, Economic Advisor and Research Director of the IMF, stated at a press conference on the same day that China has optimized and adjusted its epidemic prevention policies to help the Chinese economy rebound strongly, which is a significant benefit for the global economy and China will become a key driver of global economic growth. The report predicts that the global economy will grow by 2.8% in 2023, a decrease of 0.1 percentage points from previous forecasts. Among them, the economies of emerging markets and developing economies will grow by 3.9% this year and 4.2% in 2024; Developed economies will grow by 1.3% this year and 1.4% in 2024. The IMF believes that global economic growth is currently facing great uncertainty, and many economies are still enduring the impact of factors such as the Ukrainian crisis. Multiple central banks have significantly raised interest rates to curb inflation, exacerbating pressure in the financial sector, and a tightening global financial environment will also hinder recovery. How to maintain growth and financial stability while reducing inflation has become a challenge for policy makers in various economies, and the outlook for the world economy is shrouded in confusion. IMF predicts that in 2023, the income growth of many economies will slow down, the unemployment rate will rise, the risk of hard landing in developed economies will increase, and the economic growth of about 90% of developed economies will slow down. The IMF also warned that in the medium term, the global economy may find it difficult to restore its pre pandemic growth rate, and it is expected that the global economic growth rate will remain around 3% in the next five years, far below the average level of 3.8% in the past 20 years. The IMF and World Bank hold two plenary meetings each year, including the spring and autumn annual meetings. Finance ministers, central bank governors, experts and scholars from participating countries discussed a wide range of topics such as the world economic situation, macroeconomic policy coordination, and global development. This year's spring conference was held from April 10th to 16th in the US capital, Washington. (New News Agency)