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The Global Economy in Five Charts
Global growth is expected to slow to 2.4 percent in 2024—the third consecutive year of deceleration—reflecting the lagged and ongoing effects of tight monetary policies to rein in decades-high inflation, restrictive credit conditions, and anemic global trade and investment. Output in emerging market and developing economies (EMDEs) is set to follow a notably lower path than it did before the pandemic, with sluggish per capita growth, especially in fragile countries. The recent conflict in the Middle East has heightened geopolitical risks, and an escalation could weigh on global growth. This comes while the global ... (full story)