New Delhi, Jan 26 (TIWN) The world output growth is projected to decelerate from an estimated 3 per cent in 2022 to 1.9 per cent in 2023, marking one of the lowest growth rates in recent decades, a United Nation's (UN) report has said.

Painting a gloomy and uncertain economic outlook, the U.N. Department of Economic and Social Affairs said the current global economic slowdown "cuts across both developed and developing countries, with many facing risks of recession in 2023."

"A broad-based and severe slowdown of the global economy looms large amid high inflation, aggressive monetary tightening, and heightened uncertainties," U.N. Secretary-General Antonio Guterres said in a foreword to the 178-page report.