IMF has made scary predictions for 2023

International Desk:
IMF Prediction: The International Monetary Fund (IMF) has predicted the global economy to go through a tough phase in the year 2023.  It has lowered economic growth forecasts and forecast economic contraction in a third of the world.  According to the report of Sky News, the World Economic Outlook report of the global financial institution said, the worst is yet to come.  The year 2023 will feel like a huge recession.
     Sky News reported that the IMF has shown a decline by revising the global growth rate for 2023 from the amount expected in July.  A growth of only 2.7 per cent is expected next year.  This is lower than last year's growth of 6 per cent and this year's growth of 3.2 per cent.
     According to Sky News, the IMF said, this is the 'weakest growth profile' since 2001, excluding the COVID-19 pandemic and the acute phase of the global financial crisis.  This marks a 'significant slowdown' for the largest economies, as the US gross domestic product (GDP) contracted in the first half of 2022, followed by a contraction of the euro area in the second half of 2022 and a prolonged Covid-19 outbreak in China.  There has been an outbreak and lockdown of 19.