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Global economy may weaken in 2024: WEF survey
The Morning Standard
|January 16, 2024
Chief economists’ report says nations still grappling with headwinds from tight finances, geopolitical rifts rapid advances in generative Al
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AS the top leaders from across the world gather here for their annual congregation, a survey of chief economists on Monday forecast a weakening of the global economy in 2024 and accelerated geo-economic fragmentation.
Warning of more economic uncertainty on the horizon, the Chief Economists Outlook report of the World Economic Forum (WEF) said the global economic prospects remain subdued.
It said that the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence (AI).
More than half of chief economists (56 per cent) expected the global economy to weaken this year, while 43 per cent foresee unchanged or stronger conditions.
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