Tag: global economic growth
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UN report warns of global economic decline
The global Gross Domestic Product (GDP) growth is projected to slow from 2.7 per cent in 2023 to 2.4 per cent in the year, says the World Economic Situation and Prospects (WESP) 2024. The report, launched by the Economic Commission for Africa (ECA) in Addis Ababa, Ethiopia, said that global growth would improve moderately to…
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COVID-19 variants, rising debt, threaten global economic growth – World Bank
Global growth will slow down over the next two years in the face of “fresh threats” from COVID-19 variants and rising inflation, debt and income inequality, the World Bank said on Tuesday in its latest report. While economic growth experienced a strong rebound in 2021, it is expected to decline markedly from 5.5 per cent…