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Business English News 55 – 2024 Global Economic Outlook
Jan 7, 2024
Explore the predictions and challenges in the global economy for 2024, including rising inflation and potential recession. Learn about the impact of monetary policies on emerging markets and the need for businesses to adapt to factors such as climate change and AI.
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Quick takeaways
- Economists predict slower economic growth globally in 2024, but a soft landing for the U.S. economy.
- Challenges for 2024 include the ongoing fight against inflation and geopolitical tensions, along with the need for businesses to address climate change and adopt AI.
Deep dives
2024 Economic Outlook: Slower Growth, Soft Landing
Economists predict that 2024 will see slower economic growth globally, but a soft landing for the U.S. economy. The IMF expects global GDP to expand by 2.9%, while the World Bank forecasts 2.4% growth. Despite uncertainties and sub-trend growth projected worldwide, analysts believe that the worst is likely over and headwinds are expected to ease.
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