The global economy in 2024: World Bank predicts slowest half-decade of growth in 30 years
By France24
17 February 2024 |
4:17 pm
The World Bank warned in January that global growth will slow for the third consecutive year, to 2.4% in 2024, when the global economy may record the slowest half-decade of GDP growth in 30 years. Indonesia's GDP growth is also projected to decelerate in line with the weakening outlook.
In this article
Related
Related
6 May
Cryptocurrencies such as bitcoin promise quick profits – an attraction that aids scammers fleecing investors of their funds.
4 days ago
With inflation taking a toll on people's finances and amid a growing sense of responsibility towards the climate, second-hand shops are booming across the globe. In France, around 10 percent of clothes each year are now resold, and thrift stores are attracting a wider audience.
2 days ago
The EU and Lebanon have agreed upon an aid package to help the country deal with its financial crisis and high numbers of refugees. Most experts believe the deal could increase, not dampen, irregular migration.
1 day ago
The naira continues to trade around 1,300 against the greenback at the official market this week. Meanwhile, data from the CBN shows Nigeria’s currency in circulation has risen to 3.87 trillion naira at the end of March. Kingsley Nwaiwu, Head of Consumer sector sales, Global Markets at Stanbic IBTC joins CNBC Africa on the FX trading patterns, impact of CBN’s reforms and Nigeria’s drive to increase dollar flows.
2 days ago
Nigeria has announced plans to delist the naira from all peer-to-peer (P2P) platforms. According to the Director General of the Securities and Exchange Commission, the move is to tackle the manipulation of the local currency’s value in the foreign exchange market.
1 day ago
Chad's election results are being disputed after interim President Mahamat Idriss Deby was declared the winner according to provisional results, something opposition leader Succes Masra described as an attempt to "steal" the vote.
Latest
NOW
Berlin has summoned a top Russian envoy after accusing Russian hackers of targeting the governing coalition's SPD as well as some companies. The Czech Republic also said its institutions were targeted.
NOW
On Sunday, Chinese President Xi Jinping will come to Europe for the first time in five years, staying in France until Tuesday. Aside from the Ukraine war, technology – computer chips and green tech in particular – could be the most important talking point on the agenda.
1 hour ago
The Latin American nation of Ecuador has been experiencing an unprecedented security crisis for several months. In the port city of Guayaquil, now under the control of drug gangs, residents are living in fear.
1 hour ago
The two-month mission aims to collect samples from the far side of the moon. The mission is part of a Chinese program aiming to send a crew to the moon by 2030.
2 hours ago
The EU finally got its much-contested asylum reform plan over the line, but dissent from some capitals shows the deal's fragility. The migration struggle is far from over.
2 hours ago
French President Emmanuel Macron lays out an apocalyptic vision for Europe as it navigates war, industrial slowdown and the rise of the far right.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.