Global economy will slow for a third straight year in 2024, World Bank predicts

Facing challenges such as high interest rates, persistent inflation, declining trade, and a weakened China, the global economy is projected to decelerate for the third consecutive year in 2024, according to the World Bank.

The forecast indicates a modest 2.4% expansion this year, a decline from 2.6% in 2023, 3% in 2022, and the robust 6.2% growth experienced in 2021 during the post-pandemic recovery from the recession of 2020.

The World Bank highlights heightened global tensions, particularly stemming from events like Israel’s conflict with Hamas and the situation in Ukraine, as factors posing a risk of further weakening growth, the Associated Press reported.

READ MORE: https://apnews.com/article/global-economy-inflation-china-federal-reserve-recession-bcfa8bc1dc2ac1f8d2680feb86497771

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley