Global Recession 2024. Elevated central bank rates to fight inflation and a withdrawal of fiscal. Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025.
The world bank’s latest “global economic prospects” report predicts that global growth will slow to 2.4% in 2024 before edging up to 2.7% in 2025 (figure 1.a). As consensus shifts toward a “soft landing” in the us, risks remain across the global economy.