March 30, 2023

Economic planners and experts at the Boao Forum for Asia (BFA) Annual Conference 2023, which started on March 28, have cautioned on the uncertainties in the global economic recovery but also highlighted its resilience, expressing confidence in the overall global economic trajectory.

The forum, which runs from March 28 to 31, in the town of Boao in China's island province of Hainan, has attracted some 2,000 participants from over 50 countries and regions. The tone of cautious optimism voiced by many at the event is backed by economic data from several sources.

In January, the International Monetary Fund (IMF) predicted a global economic growth rate of 2.9 percent for 2023, which is slightly higher than its forecast in October 2022.

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