While the world economy performed better than expected during 2023, tough times loom in the upcoming year. That’s according to the UN’s annual report “World Economic Situation and Prospects 2024.”Wider risks and uncertainties are predicted; “Global GDP growth is projected to slow from an estimated 2.7 percent in 2023 to 2.4 percent in 2024.”The report cautions, “This veneer of resilience, however, masks both short-term risks and structural vulnerabilities. Underlying price pressures are still elevated in many countries.”It adds, “A further escalation of conflicts in the Middle East poses the risk of disrupting energy markets and renewing […]
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