Global economic growth in both 2022 and so far in 2023 has been stronger than expected.The IMF estimates global growth was 2.2% in 2022 (measured on a Q4/Q4 basis),outperforming the projection of 1.7% it made in October 2022. It projects global growth toincrease to 2.9% in 2023 and further to 3.2% in 2024 on the same Q4/Q4 basis. Prices ofcommodities like food and energy have become less volatile, supply chain pressurescontinued to ease, and in some countries domestic demand received a boost
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