"World Bank Warns of Worst Half-Decade for Global Economy in 30 Years"

The World Bank predicts that the global economy is heading towards its worst half-decade of growth in 30 years, with growth forecast to slow for the third consecutive year in 2024. Developing economies are expected to be hit the hardest, with sluggish global trade and tight financial conditions weighing heavily on growth. The organization warns that without a major course correction, the 2020s will be remembered as a decade of wasted opportunity, but suggests that governments can turn the tide by increasing investment and strengthening fiscal policy frameworks.