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Global Economy Set For Its Worst Half Decade of Growth in 30 Years, World Bank Says
The global economy is on course to record its worst half decade of growth in 30 years, according to the World Bank. From a report: Global growth is forecast to slow for the third year in a row in 2024, dipping to 2.4% from 2.6% in 2023, the organization said in its latest "Global Economic Prospects"...
The global economy is on course to record its worst half decade of growth in 30 years, according to the World Bank. Growth is then expected to rise marginally to 2.7% in 2025, though acceleration over the five-year period will remain almost three-quarters of a percentage point below the average rate of the 2010s. Escalation of these conflicts could have significant implications for energy prices that could have impacts on inflation as well as on economic growth," Ayhan Kose, the World Bank's deputy chief economist and director of the Prospects Group, told CNBC's Silvia Amaro.
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