Global economic growth is expected to remain stable on the back of steady growth in both advanced and developing economies, monetary policy easing in advanced economies, and the absence of radical shifts in international trade volumes.
The QNB report showed that significant headwinds led to a gloomy outlook for global economic growth at the beginning of 2024, but the global economy has once again demonstrated its resilience in the face of these negative factors.
Although this year's projected growth of 3.2 percent is below the average of 3.6 percent over 2000-2023, it is still comfortably above the 2.5 percent threshold below which the global economy is in recession, moreover, the growth forecast for next year is also 3.2 percent, indicating continued stability.
