Global economy

Global economy is forecast to slowdown in the coming months, with a 2023 growth forecast at 2.7 per cent and a decreased 2024 forecast at 2.9 per cent. The US is expected to fall into recession in late 2023, while Europe's growth remains sluggish. On the bright side, India’s economy is robust with strong demand, and the ASEAN region maintains healthy growth.

Falling fertility rates pose significant challenges for the global economy, according to a recent report by the World Bank. The report highlights that fertility rates have been declining globally since the 1960s, with some countries experiencing rates below replacement level. This trend is expected to continue, with potentially far-reaching consequences for economies and societies worldwide. The report cites several factors contributing to the decline in fertility rates, including increased…

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Global Stock Markets Show Positive Performance Amidst High-Level Economic Discussions During the World Economic Forum in Davos, Switzerland, global stock markets have demonstrated a positive performance, reflecting growing optimism about the global economy. The Stoxx 600 index rose by 0.7%, while the FTSE 100 increased by 0.5%. Tech stocks also exhibited strong performance, with the Euronext Tech Leaders index climbing by 1.3%. Experts attribute this market surge to recent positive…

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Will the global economy be stronger in 2024 than in 2023?

The World Bank warned the global economy is moving toward its worst half-decade of growth in 30 years while also predicting growth in 2025.