In the face of significant challenges over the last year, including conflicts, rising inflation and the largest increase in interest rates in forty years, the global economy has displayed remarkable resilience.
This resilience was unexpected, as the economic landscape managed to avoid a substantial downturn, instead experiencing a smaller contraction. The stats suggest the global economy may be more robust than previously believed, revealing potential strengths that have yet to be fully understood.
Ayhan Kose, the Deputy Chief Economist at the World Bank, indicates that this year’s growth rate, when excluding the pandemic’s impact in 2020, could be the weakest since the financial crisis of 2009. Our experts have analysed the data and produced a Global Outlook for 2024- 2025. We think it makes interesting reading and would like to share the resource with you, please contact us for more details.
