Global Economic Growth Hits Post-Pandemic Low Amid Rising Middle East Tensions
The World Bank reported this week that global economic growth is projected to decelerate to 2.5% in 2024, marking the slowest expansion since the onset of the COVID-19 pandemic. This downward revision, detailed in the Washington-based institution’s half-yearly Global Economic Prospects report, cites the escalating conflict in the Middle East, persistent inflationary pressures, and elevated…