首页 News 正文

The haze has not yet dissipated. The World Bank predicts that the global GDP growth rate in 2024 will be 2.4%

因醉鞭名马幌
272 0 0

The World Bank warned on Tuesday (January 9th) that global economic growth will slow for the third consecutive year in 2024, and poverty and debt levels in many developing countries will continue to deteriorate.
The World Bank wrote in its latest Global Economic Outlook report that it expects the global GDP growth rate to be 2.4% in 2024, compared to 2.6% in 2023 and 3.0% in 2022; In addition, the World Bank has lowered its global GDP growth forecast for 2025 from 3% to 2.7%.
The report pointed out that the first five years of the 1920s seemed to be the worst five years in the past 30 years due to the COVID-19 pandemic, geopolitical tensions and the consequent global inflation and interest rate surge.
Faced with bleak expectations, Ayhan Kose, Deputy Chief Economist of the World Bank, stated that even the 2008 financial crisis, the Asian financial crisis of the 1990s, and the economic downturn of the early 21st century had significantly higher economic growth rates than in recent years.
Kose added that, except for the special year 2020 (during the pandemic), this year's economic growth rate will be the weakest since the global financial crisis.
In addition, due to the continued escalation of geopolitical crises hindering economic activities, the World Bank predicts that the goal of eliminating extreme poverty by 2030 is currently largely unattainable.
"If significant adjustments are not made, the 1920s will be seen as a decade of wasted opportunities," said Indermint Gill, Chief Economist of the World Bank, in a statement
Gill claims that economic growth will remain weak in the short term, causing many developing countries, especially the poorest ones, to be in dire straits with unacceptably high debt levels, and almost one in three people struggling to access food.
Increase investment
In developed countries, due to reduced savings and restrictive monetary policies suppressing economic activity, the World Bank predicts that the US economy will grow by 1.6% in 2024, but this is twice the estimate from June last year.
The economic outlook for the eurozone is relatively bleak, with an expected growth rate of 0.7% this year, as high energy prices have led to a growth of only 0.4% in 2023.
As a whole, emerging markets and developing countries are expected to grow by 3.9% this year, lower than the 4.0% in 2023. This speed is not enough to lift the growing population out of poverty. The World Bank has stated that by the end of 2024, approximately a quarter of people in developing countries and 40% in low-income countries will be even poorer than before the outbreak of the pandemic in 2019.
The World Bank stated that as a way to promote economic growth, especially in emerging markets and developing countries, it will require an annual investment of $2.4 trillion to accelerate the transition to clean energy and adapt to climate change.
Kose believes that the investment boom may change developing economies, helping them accelerate their energy transition and achieve various development goals. "To stimulate such prosperity, developing economies need to implement comprehensive policy plans to improve fiscal and monetary frameworks, expand cross-border trade and capital flows, and improve the investment environment. This is a daunting task, but many developing economies have been able to do so before."
For commodity exporting countries, the World Bank recommends adopting a "countercyclical investment strategy", which means that fiscal policies can be relatively conservative during periods of economic prosperity, and increase investment during periods of economic downturn to avoid extreme cycles of prosperity and depression.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  •   苹果知名分析师郭明錤周四(10月31日)在社交媒体上发文表示,苹果明年可能会减少对芯片制造商博通Wi-Fi芯片的依赖,并推出自己的处理器。   郭明錤在社交媒体平台X上写道,“在2025年下半年的新产品(例如iPh ...
    uturn
    昨天 14:42
    支持
    反对
    回复
    收藏
  •   10月30日,小鹏汽车生态企业小鹏汇天宣布,旗下分体式飞行汽车“陆地航母”即将亮相2024中国航展,11月12日将在中国航展第二展区(斗门莲洲)进行全球首次公开飞行,同时“陆地航母”也将在珠海国际航展中心8号 ...
    yxtianyouyou
    前天 11:43
    支持
    反对
    回复
    收藏
  •   交易所监管文件显示,当地时间11月1日,亚马逊创始人杰夫·贝索斯拟出售约1635万股亚马逊股票,预计套现约30.5亿美元。今年7月,贝索斯已申请额外出售约2500万股亚马逊股票,按当时股价计算可套现约50亿美元。 ...
    blueskybb
    12 小时前
    支持
    反对
    回复
    收藏
  •   近日,凯撒海湾目的地(山东)运营管理有限责任公司(简称“凯撒海湾”)与携程旅悦集团签署战略合作协议,双方将围绕“海上目的地运营”、“旅游产品与服务创新”、“研学旅行”、“日韩及海外旅游市场开拓”等 ...
    llyyy2008
    11 小时前
    支持
    反对
    回复
    收藏
因醉鞭名马幌 注册会员
  • 粉丝

    0

  • 关注

    0

  • 主题

    43