World Bank Predicts Slowest Growth In 30 Yrs For Global Economy
The Business Guardian|January 11, 2024
The World Bank’s report outlines a roadmap for developing economies to navigate the current economic challenges, providing insights for policymakers and global leaders to drive transformative change.
World Bank Predicts Slowest Growth In 30 Yrs For Global Economy

In a stark revelation, the World Bank's latest Global Economic Prospects report forewarns that the global economy is hurtling towards its weakest performance in half a decade, with projections pointing to the slowest growth in 30 years. Despite a diminished risk of a global recession, the report underscores the persisting threats posed by geopolitical tensions and a pessimistic medium-term outlook for many developing economies.

According to the report, global growth is anticipated to decelerate for the third consecutive year, plummeting from 2.6 percent in the previous year to a mere 2.4 percent in 2024. Developing economies, facing an even bleaker scenario, are expected to register a growth rate of just 3.9 percent-a significant drop of over one percentage point below the average of the previous decade.

この記事は The Business Guardian の January 11, 2024 版に掲載されています。

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