UN upgrades global economic growth forecast to 2.7% in 2024.

The UN predicts a 2.7% global economic growth in 2024, up from its 2.4% forecast in January, due to better prospects in the US and emerging economies like Brazil, India, and Russia. The outlook remains cautiously optimistic due to ongoing challenges including higher-for-longer interest rates, debt sustainability issues, geopolitical tensions, and worsening climate risks. The global growth forecast remains below the average of 3.2% during 2010-2019.

May 16, 2024
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