Global economy on track for worst half-decade of growth in 30 years, says World Bank.

Global economy heading towards lowest half-decade growth in 30 years

World Bank predicts the global economy will slow for a third consecutive year in 2024.

World May Soon Face Lost Decade of Low Economic Growth

About a quarter of people in developing countries and 40% of people in low-income countries will remain poorer in 2024 than they were before the emergence of COVID-19. Chief Economist Indermit Gill noted several challenges to global economic growth, but the Washington, DC-based financial institution is often seen as a tool of Western interests. The end of 2024 is likely to conclude the slowest half-decade of economic growth in 30 years, accordin…

Global economy will slow for a third straight year in 2024

WASHINGTON  — Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024. That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4 percent this year. That would be down from

World Bank gives pessimistic economic forecast for 2020s

The World Bank is predicting a bleak economic future for the 2020s. A new report published Tuesday predicts the world economy will continue to underperform for the rest of the decade without some unforeseen change. “Without a major course correction, the 2020s will go down as a decade of wasted opportunity,” Indermit Gill, the World Bank Group’s chief economist and senior vice president, said in a press release. “Near-term growth will remain wea…