Categories: Market

Headwinds for economy: UN expects slower growth

class = “sc-cffd1e67-0 fmXrkB”>

Workers erect scaffolding at a bridge construction site in Hamburg Hafencity. (archive image)

“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

Share
Published by
Tim

Recent Posts

Terror suspect Chechen ‘hanged himself’ in Russian custody Egyptian President al-Sisi has been sworn in for a third term

On the same day of the terrorist attack on the Krokus City Hall in Moscow,…

1 year ago

Locals demand tourist tax for Tenerife: “Like a cancer consuming the island”

class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…

1 year ago

Agreement reached: this is how much Tuchel will receive for his departure from Bayern

class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…

1 year ago

Worst earthquake in 25 years in Taiwan +++ Number of deaths increased Is Russia running out of tanks? Now ‘Chinese coffins’ are used

At least seven people have been killed and 57 injured in severe earthquakes in the…

1 year ago

Now the moon should also have its own time (and its own clocks). These 11 photos and videos show just how intense the Taiwan earthquake was

The American space agency NASA would establish a uniform lunar time on behalf of the…

1 year ago

This is how the Swiss experienced the earthquake in Taiwan: “I saw a crack in the wall”

class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…

1 year ago