Global Economic Resilience and Challenges

The global economy has shown remarkable resilience despite facing significant shocks in recent years, including high inflation and interest rate hikes. Projected growth rates stand at 3.2% for this year and next, primarily driven by the performance of the U.S. economy and emerging markets like India. However, this growth lags behind historical averages, highlighting concerns over slow growth in conjunction with high debt levels. These factors emphasize the need for countries to adopt fiscal prudence and consider their long-term economic strategies.