Countries worldwide to experience a slow economic growth this year despite continued declining inflation rate, warns a UN report

Addis Ababa, Ethiopia, 25 January 2024 (ECA) - The global GDP growth is projected to slow from 2.7 per cent in 2023 to 2.4 per cent in 2024,  according to the World Economic Situation and Prospects (WESP) 2024 launched by the Economic Commission for Africa (ECA) in Addis Ababa, Ethiopia.

Growth is forecast to improve moderately to 2.7 per cent in 2025 but will remain below the pre-pandemic trend growth rate