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Rich economies bounce back as developing economies lose ground

Global economic growth is projected to slow to 2.4% this year, down from 2.7% in 2023 and 3% before the pandemic began.

2024 is projected to be another tough year of sluggish global growth.
2024 is projected to be another tough year of sluggish global growth. (AN/Bernd Dittrich)

A gloomy U.N. economic forecast points to more sluggish global growth in 2024, but the U.N. chief says wealthy nations could offer a solution.

Global economic growth is projected to slow to 2.4% this year, down from 2.7% in 2023 and 3% before the COVID-19 pandemic began in early 2020, the U.N.'s Department of Economic and Social Affairs, or DESA, reported on Thursday.

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