Global Economic Outlook 2024 World Bank. Developing east asia and pacific (eap) is continuing to grow faster than the rest of the world in 2024, but slower than before the pandemic, the world bank said in its semi. The lagged and current effects of monetary tightening, as well as more restrictive credit conditions, are expected to weigh on activity in the second half of the year,.
The global economy is set to slow substantially in 2023. The world economic forum’s latest chief economists outlook finds that just over half of chief economists anticipate the global economy to weaken this year.