Posted 1/4/2024, 5:48:00 PM
UN Warns of Slowing Global Growth and Calls for Renewed Action on Sustainability and Climate Goals
- Global economic growth will slow to 2.4% in 2023, below pre-pandemic levels, due to high interest rates, geopolitical tensions, and climate disasters
- Sluggish growth threatens progress on UN Sustainable Development Goals like ending poverty and addressing climate change
- UN calls for more investment and international cooperation to stimulate growth and the green transition
- Inflation is easing but still elevated; further geopolitical conflicts could cause renewed price spikes
- Governments urged to boost fiscal support, scale up climate finance, cut fossil fuel subsidies to drive sustainable growth