The World Bank (WB) predicts that global economic growth will be 2.6% in 2024. This was reported by Interfax.
In January, experts announced an increase of 2.4%. According to the World Bank, growth will increase to 2.7% in 2025-2026.
The report reminded that these figures are significantly lower than the average level of 3.1 percent recorded 10 years before the start of the Covid-19 epidemic.
According to bank experts, the average annual GDP growth rate in countries with developing economies will not exceed 4 percent until the end of 2025. Economic growth in developed countries may reach 1.5 percent in 2024 and 1.7 percent in 2025.
“Global economic growth appears to be stabilizing,” said Indermeet Gill, chief economist and senior vice president at the World Bank.
Before that the World Bank developed Russia’s GDP growth forecast. World Bank experts expect Russia to experience economic growth of 2.9 percent this year, 1.4 percent in 2025 and 1.1 percent in 2026.
Previously reportedIt is predicted that Russia will become the world’s fourth largest economy in terms of PPP in 2021.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.