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 Consumer Spending Defies Inflation Fears, Jumps 0.7% in March READ MORE Chinese Retail Investors Drive Gold Boom on Shanghai Futures Exchange READ MORE Global Air Travel in Turmoil as CrowdStrike Outage Continues READ MORE Gold & Silver Mining Stocks Exposed: Long-Term Reality Revealed READ MORE Elderly Woman Cheated Out of $1 Million in Precious Metals by Scammers READ MORE Add a Comment Cancel replyYour email address will not be published.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