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CEOs from around the world were interviewed by Conference Board About what they consider to be the main concerns for their businesses for 2024. What did they answer?
CEOs saw the threat of recession and inflation Your most worrying ‘headache’, the firm announced. Two issues topped the list of external factors affecting companies for the second year in a row – according to a survey published on January 10.
Global political instability and high interest rates are also expected to affect business, the conference board added.
“Less than 30 percent of CEOs globally, a smaller proportion than in the United States, believe that Your organizations are ready facing recession or inflation,” according to the document.
“In Europe, double-digit inflation coupled with record energy costs have dampened business leaders’ confidence,” he added.
This group of officials has lost confidence in Europe At its lowest level Because the indicator was implemented at the beginning of 2020, and It’s worse than the start of the COVID-19 pandemic.
The World Bank sees 2024 as ‘difficult’
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The world economy is stretched Slow growth rate More than in previous decades, the World Bank said, as the post-pandemic recovery is hampered by high interest rates; Slow trade, and geopolitical tensions that will affect developing countries the most.
Global movements will be recorded in the five years from 2024 The weakest performance since the early 1990sAn “uncertain” level that will leave One of the four poorest developing economies than before the COVID-19 pandemic, the Washington-based entity said in its most recent World Economic Prospects report.
“Without a major course correction, 2020 will go down in history A decade of wasted opportunitiesThe bank’s chief economist, Indermeet Gill, warned in a statement. Such poor short-term growth would leave many poor countries “with crippling levels of debt and poor access to food for nearly one in three people”.
Investment growth per capita In the 2023-2024 period, developing economies would average 3.7 percent, half the previous 20-year average, without policies designed to stimulate investment and strengthen fiscal policies.
How much will the global economy grow in 2024? This is what the World Bank says
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The World Bank expects global growth to slow to 2.4 percent in 2024 for the third consecutive year, before slowing to 2.6 percent in 2023 and rising to 2.7 percent in 2025, unchanged from its June forecast.
These rates compare to an average of 3.1 percent during the 2010s.
Global growth is expected to reach 2.2 percent for 2020-2024, the slowest pace over a five-year period since 2.1 percent in 1990-1994, according to World Bank estimates.
