NEW YORK (Reuters) – The U.S. Some of the world’s leading banks predict that global economic growth will drop further in 2024, due to rising interest rates, increasing energy prices, and a recession in the world’s two largest economies.
According to a Reuters survey, the global economy will increase 2.9% this year, with growth dropping to 2.6% next year.
Most economists believe the global economy will escape a recession, although many have warned of “mild recessions” in Europe and the United Kingdom.
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The United States is still on track for a gentle landing, despite uncertainties over the Federal Reserve’s monetary tightening policy. China’s economy is expected to slow, worsened by corporations looking for more cost-effective production locations.