Geneva - UN Trade and Development (UNCTAD) projects global economic growth to stagnate at 2.7% in 2024 and 2025, marking a sustained drop from the 3% annual average seen between 2011 and 2019 and well below the 4.4% average in the years before the 2008 financial crisis.
The organization’s Trade and Development Report 2024 warns that this new “low normal" growth is insufficient to tackle pressing development and climate goals or help ease widespread discontent amidst a global cost . . .
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