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In 2024, the World Bank projects that the world economy will contract for the third year in a row.
The World Bank predicts that the global economy will slow for the third consecutive year in 2024, growing by just 2.4%.
This is due to high global interest rates, inflation, and a struggling Chinese economy.
The World Bank projects slower growth for the U.S. as well, reducing it from 2.5% in 2023 to 1.6% in 2024.
The World Bank's overall outlook is bleak, due in part to slowing global trade and rising tensions.
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En 2024, el Banco Mundial proyecta que la economía mundial se contraerá por tercer año consecutivo.