Global economic growth will slow down in 2024, according to more than half (56%) of chief economists surveyed at the World Economic Forum (WEF) in Davos.
The remaining respondents expect global GDP growth to remain at the level of 2023 or accelerate.
According to the International Monetary Fund, the global economy will grow by 2.9% in 2024 after growing by 3% in 2023.
Economists are most pessimistic about Europe – three-quarters of respondents (77%) believe that growth in the region will be weak or very weak. Meanwhile, 93% of respondents expect moderate or strong growth in South Asia, and 86% in East Asia.
The US GDP growth rate will range from moderate to strong, according to 56% of the surveyed chief economists. Back in September, the percentage was 78%. At the same time, only 13% expect high inflation in the United States and Europe.
The WEF organizers interviewed 30 chief economists from banks, consulting firms, international organizations and major companies, including Microsoft and Google.
“The global economy will be tested again this year,” said WEF Managing Director Saadia Zahidi. – “Global inflation is easing, but economic growth is stalling, financial conditions remain tight, tensions are rising, and inequality is growing, underscoring the urgent need for international cooperation to create the conditions for sustainable and inclusive economic growth.
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Ukrainian President Volodymyr Zelensky has said that he is holding consultations with people who he potentially sees at the post of the Ukrainian prime minister. He said that these are people who do not have a political past and who are professional economists.
“The Prime Minister … must be an absolutely professional economist who must have no political [past]. I would very much like this to be an absolutely independent person who has never been a prime minister, a speaker or a leader any [parliamentary] faction. I see this kind of person. Honestly, I will tell you. I am already holding consultations, talking … with some people,” Zelensky told reporters at a polling station on Sunday.
The head of state said that he has an unchanged position as for the issue of voiced requirements for the prime minister, but admitted that “some people who go to parliament now may not like it because they see themselves in this post.”
