Global Growth Forecast Slows to 2.7% in 2024 Amid Inflation and Geopolitical Tensions
• Global economic growth expected to slow to 2.7% in 2024 due to high inflation, interest rates, and impact of wars • U.S. and China, the world's biggest economies, both forecast to decelerate next year • Eurozone growth weak but improving slightly to 0.9% in 2024 • Risks from heightened geopolitical tensions, especially potential broadening of Israel-Hamas conflict • Despite gloomier outlook, recessions expected to be avoided almost everywhere