Global Economy Faces Heightened Uncertainty in 2024 from Geopolitical Tensions, China Slowdown, Emerging Market Debt, Trade Barriers, and Climate Change
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Rising geopolitical tensions, especially wars in Eastern Europe and the Middle East, which heighten uncertainty and hurt investment and economic growth
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China's economic slowdown, which could intensify and hurt many countries that trade with China
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Surging financial stress in developing economies due to high interest rates and debt levels
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Trade fragmentation from protectionist policies and businesses retreating from global supply chains
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Climate change increasing frequency and costs of natural disasters, damaging agriculture, and exacerbating poverty