Five ways IP can help in a recession

In April this year, the International Monetary Fund projected global growth of 2.8% for the whole of 2023 and 3% for 2024, down from 3.4% in 2022. The slowdown is forecast to be especially pronounced in advanced economies, which are expected to grow at just 1.3%. Some economies (such as Germany and the UK) are projected to shrink in 2023.