According to the latest forecast from the International Monetary Fund (IMF), global economic growth is expected to reach 3.1% in 2024, slightly down from 3.2% in 2023. This slowdown is primarily driven by high interest rates, inflationary pressures, and geopolitical tensions.

Developed countries, including the United States and the European Union, are facing significant declines in economic activity. In the US, growth is projected to fall from 2.5% in 2023 to 2.1% in 2024, while in the European Union, it may shrink to 0.9%. These declines are linked to high energy prices and central bank policies.

Developing countries, particularly Asian economies, may maintain relatively stable growth, but they are also affected by weakening global trade and investment. As IMF Managing Director Kristalina Georgieva noted, "The global economy remains under the shadow of uncertainties and risks, requiring additional measures for sustainable growth."

Future prospects depend on factors such as controlling inflation and ensuring energy security. If these issues are not addressed, the global economy could face prolonged slowdown, leading to unemployment and social challenges.

Source: uznews.uz