The world faces a protracted period of weak economic growth that will undermine progress on sustainable development, the UN has warned, as it urged countries to raise investment to tackle the climate emergency. Its annual assessment of the state of the global economy presents a sombre outlook for growth as countries grapple with the impact of higher borrowing costs, geopolitical tensions and heightened risk of climate disasters. Global growth will slow to 2.4% this year from 2.7% in 2023 – significantly below the pre-Covid pandemic trend of 3% – amid “strong headwinds” facing the planet, the World Economic Situation and Prospects…
