World Bank Forecasts Bleak Economic Outlook: Worst Growth in 30 Years The World Bank’s recent report paints a grim picture for the global economy, predicting the poorest half-decade growth in 30 years. Global growth is expected to slow down further in 2024 to 2.4%, marking the third consecutive year of deceleration. Although a slight increase to 2.7% is anticipated in 2025, this growth rate still falls significantly below the average of the 2010s. Geopolitical tensions, including the war in Eastern Europe and conflicts in the Middle East, are major contributing factors to this slowdown, potentially impacting energy prices, inflation, and overall economic growth. The World Bank warns of a “decade of wasted opportunity” without significant policy changes. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Record High Credit Card Debt Strains American Finances Amid Inflation READ MORE Rising Interest Rates Challenge Long-Standing Pro-Debt Economic Policies READ MORE Federal Reserve Shifts Focus Away from Recession Concerns READ MORE Federal Reserve's Anticipated Moves and Corporate Earnings Drive Market Watch READ MORE Gold Prices Tick Higher in Anticipation of Influential U.S. Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment