Question
According to the World Bank’s latest Global Economic
Prospects report, real global GDP is set to climb 2.1% this year. In the report the bank has also released a new 2025 global growth forecast of ______.Solution
According to the World Bank’s latest Global Economic Prospects report, real global GDP is set to climb 2.1% this year. It has cut its 2024 global growth forecast to 2.4% from 2.7% in January, citing the lagged effects of central bank monetary tightening and more restrictive credit conditions that were reducing business and residential investment. These factors will slow growth further in the second half of 2023 and into 2024, but the bank released a new 2025 global growth forecast of 3.0%.
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