Global growth is forecast to slow for the third consecutive year, sliding from 2.6 percent in 2023 to 2.4 percent in 2024. This is nearly three-quarters of a percentage point below the previous decade’s average. Overall, in the five years through 2024, global economic activity will record the weakest performance since the 1990s, described by the institution as a “wretched milestone.” Growth in advanced economies is expected to slow to 1.2 percent this year, down from 1.5 percent in 2023. In the United States, the GDP is estimated to be 1.6 percent. The Japanese economy is projected to grow less than 1 percent. Twenty countries that…
