The World Bank predicted on Tuesday that the global economy will slow for a third straight year in 2024. Struggling with high global interest rates, inflation and a struggling Chinese economy, the World Bank will grow by just 2.4 percent this year. That would be down from 2.6 percent growth in 2023, 3 percent in 2022 and 6.2 percent in 2021, though that year was bolstered by COVID pandemic recovery. The World Bank projected slower growth for the U.S. as well, reducing from 2.5 percent in 2023 to 1.6 percent in 2024. “Near-term growth will remain weak, leaving many developing countries — especially the poorest — stuck in a trap:…
