The global economy has gradually recovered from the pandemic and continued to shows its  progress from year to year. The health crisis caused by the COVID-19 pandemic has ended  and economic disruption has returned to pre-pandemic levels. In early 2023, the global  economy proved resilient, as shown by stable energy and food prices as well as a strong labor  market, amidst the Ukrainian war crisis and financial instability in some developed countries. 

Nevertheless, there are still many challenges that await in the near future.

According to IMF’s projection, global economic growth will slow down from 3.5 percent in  2022 to 3.0 percent in 2023. Global inflation is also projected to decline from 8.7 percent last  year to only 6.8 percent in 2023. While global FDI flows in first half of 2023 rebounded from the  second half of 2022, global FDI flows in second quarter of 2023 dropped 44% compared to  the previous quarter, according to OECD. Therefore, it is necessary foster inflow of investment  to spur economic growth.