In its latest forecasts, the International Monetary Fund (IMF) says Germany and Italy will be in recession next year, and GDP growth in the US will be just one per cent, down from an estimated 1.6pc this year. Bad news for Pakistan exports. The Fund also says that economic growth in China will inch up to 4.4pc in 2023, up from an estimated 3.2pc in 2022. Growth in Britain will be a negligible 0