Displaying items by tag: economies

Against a backdrop of weak trade and investment, high interest rates, high debt levels and rising debt service payments, growth in developing economies is projected to be low for the third consecutive year in 2024.

According to a World Bank (WB) report, it predicts that global growth will slow sharply as countries begin to face the third year of the COVID-19 pandemic.

The International Monetary Fund (IMF), for the global economy, 2022 is starting off on weaker-than-expected terms. As the new omicron variant of the COVID-19 virus progresses, countries have once again instituted mobility restrictions.