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“The prospect of tighter credit conditions and higher borrowing costs for an extended period represents a strong headwind for the indebted global economy,” the panel said on Thursday.
At the same time, more investment is needed to stimulate growth, tackle climate change and accelerate progress towards the Sustainable Development Goals. Geopolitical tensions also threatened economic development.
Before the pandemic, the global growth rate was around 3.0 percent; It was slightly higher than it is now. Even though inflation is expected to fall from an estimated 5.7 percent in 2023 to 3.9 percent in 2024, price pressure remains high.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
