Prices are expected to decrease in 80% of the world’s countries in 2024. This prediction was made by US Treasury Secretary Janet Yellen, with quotes from her speech at the press conference held before the G20 financial officials meeting in Brazil. Reuters.
According to Yellen, the International Monetary Fund’s expectation of a slowdown in the global economy in 2023 did not come true, on the contrary, growth was 3.1% and inflation fell. At the same time, prices began to fall in 80% of countries, and this trend will continue in 2024.
The US Treasury chief said the global economy remains stable despite the risks. One of the factors affecting this was the growth of the US economy, where the unemployment rate approached its lowest levels in history.
“If the United States falls into recession in 2023, as many predict, global growth will be off course,” Yellen said.
February 26, Russian Finance Minister Anton Siluanov stated It describes the pain of global changes taking place in the world economy.
21 February in Germany got worse GDP growth forecast for 2024.
Previously VEB developed Forecast of Russia’s economic growth.