Global light vehicle sales forecast – August 2023 edition

Global light vehicle sales snapshot

• In July the IMF raised its 2023 forecast for global GDP growth to 3.0%, up 0.2pts from its April status and 0.1pts from January. Nonetheless, the IMF highlighted its concerns over tighter credit conditions, depleted household savings in the US, and a weaker-than-expected economic recovery in China from its strict Covid-19 lockdowns.