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OPEC leaves 2024 global economic growth forecast at 2.8%
The Organization of Petroleum Exporting Countries (OPEC) on Tuesday shared that it decided to leave global economic growth projections unchanged at 2.8% for 2024 and 2.9% for 2025. The United States' gross domestic product (GDP) was revised slightly upward to 2.2% for this year, followed by a 1.9% growth for the next year. On the contrary, the Eurozone's GDP estimate was left unchanged at 0.5% and 1.2% for 2024 and 2025 respectively. China is expected to see its economy grow by 4.8% this year, and 4.6% in 2025, in line with the last estimate. Russia's economic growth also saw a positive revision, putting its GDP ... (full story)