The World Bank warned in a report issued by it that despite the continuing pressures besieging the global economy since the emergence of the Corona pandemic, it appears that the crises will worsen in 2024. The available data and information indicate that the expected growth rates of the global economy will be disappointing during the current year.
The World Bank expects the global economy to witness GDP growth by the end of 2024, the lowest and slowest in a 5-year period over 30 years. The World Bank stated that the global economy is in a better position than it was a year ago, as the risks of a global recession have decreased, due in large part to the strength of the American economy. While escalating geopolitical tensions could create new risks facing the global economy in the near term.
Source (Al-Arabiya.net Website, Edited)
