The highlight of the G20 must be a 3-hour meeting between President Xi and President Biden but there were a few other important points to take away first.
In the World Economic Outlook report released on the 11th, the IMF kept the global growth rate forecast at 3.2% in 2022, but lowered the growth forecast to 2.7% in 2023. The report predicts that more than one-third of global economies will fall into recession this year or next. Global inflation will peak at the end of 2022.