According to the latest Global Economic Outlook report released by the World Bank, it is estimated that the global economic growth rate will slow down for the third consecutive year in 2024, falling to 2.4%, lower than 2.6% in 2023, which is the same as the forecast in June 2023; It will rise to 2.7% in 2025, down 0.3 percentage points from previous expectations. The World Bank predicts that the global economy will grow by 2.2% from 2020 to 2024, which is the weakest five-year growth rate since the early 1990s.
The report warns that the current growth is weak and geopolitical risks are rising. Developing countries are facing difficulties and need to stimulate a new round of investment boom. The report puts forward policy suggestions, calling for improving the fiscal framework, expanding trade and optimizing the investment environment. The global economic outlook is still uncertain, and developing economies are facing debt pressure, food security and other issues.
The World Bank is pessimistic about the global economic outlook and predicts that it will face the challenge of slowing growth in the next few years. This situation may have an impact on the global society, enterprises and individuals, and it is necessary to pay attention to and pay close attention to the development trend of the global economy. Governments, enterprises and individuals may also need to adopt corresponding strategies to adapt to and alleviate possible economic pressures.
Post time: Jan-17-2024