2024 global economic growth slows to 2.6%, with Japan in recession and Germany surpassing Japan as the third-largest economy.
2024's Fastest-Declining Economy: Global economic growth is projected to slow to 2.6% in 2024, just above the 2.5% recession threshold. Japan has slipped into recession after two consecutive quarterly GDP declines, leading to Germany surpassing Japan as the world's third-largest economy. The 15 fastest-declining economies in 2024, based on past 5 years' GDP growth rates, are expected to face challenging times.
May 25, 2024
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