"World Bank Predicts Decade of Slow Growth for Global Economy"

The World Bank predicts that the global economy will slow for a third consecutive year in 2024, with a forecasted growth of 2.4%, down from 2.6% in 2023. Factors contributing to this slowdown include high interest rates, persistent inflation, slumping trade, and challenges in China's economy. The World Bank also expresses concern about deeply indebted poor countries' ability to invest in fighting climate change and poverty. The United States is expected to see growth decelerate to 1.6% this year due to higher interest rates, while China's economy is forecasted to grow at a slower pace.