The UN’s World Economic Situation and Prospects (WESP) report for 2024 projects a slowdown in global growth from an estimated 2.7 per cent in 2023 to 2.4 per cent in 2024.
The flagship forecast, unveiled in New York on Thursday, indicates that the stronger-than-expected GDP growth in 2023, emerging from the COVID-19 pandemic, masked short-term risks and structural vulnerabilities in the world economy.
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