The global economy is expected to stabilize for the first time in three years in 2024 but at a level that is weak by recent historical standards, according to the World Bank’s latest Global Economic Prospects report released on Tuesday.
Global growth is projected to hold steady at 2.6% in 2024 before edging up to an average of 2.7% in 2025-26, well below the 3.1% average in the decade before COVID-19, the report said.
The bank’s latest outlook marks an increase from the 2.4% growth for…
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