Tag: growth
UNCTAD Warns of Diverging Global Growth
The global economy stands at a pivotal moment, marked by a stark contrast between thriving and struggling economies, according to the United Nations Conference on Trade and Development (UNCTAD). In Trade and Development Report 2023, UNCTAD forecasts a slowdown in world economic growth from three percent in the previous year to 2.4 percent in 2023, with limited signs of recovery in 2024.
Economic Outlook: Growth Slows, Inflation Persists, Risks Remain
The world economy is expected to see moderate growth in 2023, projected at 3.0%, but is anticipated to slow down slightly to 2.7% in 2024. This economic growth is largely driven by Asia, despite a weaker recovery in China than expected. However, global growth in 2024 is likely to be lower, primarily due to monetary policy becoming more visible and China's subdued domestic demand, said OECD in its latest report.
Countries rely on Migrants For Growth Potential
Populations across the world are aging at an unprecedented pace that many countries increasingly rely on migration to realise their long-term growth potential, according to a new report from the World Bank.
