Growth in advanced economies is projected to slow to 0.5% in 2023. from 2.5% in 2022.. In the United States, growth is forecast to fall to 0.5% in 2023- 1.9 percentage points below previous forecasts and the weakest performance outside of official recessions since 1970 while the euro-area growth is expected at zero percent—a downward revision of 1.9 percentage points.
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