Global economy on the verge of a downturn amid persistent inflation: Moody’s

“For India, the 2022 real GDP growth projections have been lowered to 7 per cent from 7.7 per cent. We expect growth to decelerate to 4.8 per cent in 2023 and then to rise to around 6.4 per cent in 2024,” according to the report Global Macro Outlook 2023-24.