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Economic forecast 2024: global growth is expected to fall for the third year in a row

24/01/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Le rapport sur les perspectives économiques de la World Bank in 2024 mentions that global growth is expected to fall for the third year in a row, from 2.6% in 2023 to 2.4% in 2024. Low-income countries are expected to grow by 5.5%, which is poorer than expected.

People in one in four developing countries and around 40% of low-income countries will still be poorer than they were on the eve of the COVID pandemic in 2019 according to the report. The increase in global trade is expected to fall by half in 2024 compared to the average recorded during the ten years preceding the Covid pandemic. In its report, the World Bank offers a global analysis of what it will take to generate a sustainable investment boom. The benefits of accelerating investments are also reflected during these periods in the fall in inflation, the improvement of the fiscal position and an acceleration of the access of residents to the

Internet.

Guinea's growth will follow its pace of progression 4.3 in 2021, 4.7 in 2022, 5.1 in 2023, 5.1 in 2023, 5.8 in 2023, 5.8 in 2024 to reach 6.2 in 2025.

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