With global trade plateauing in recent years, driven in part by the pandemic, geopolitical tensions and rising protectionist measures, the report warns of potentially large output losses from geoeconomic fragmentation over the longer term. The report forecasts global GDP growth of 2.2% in 2024 down from 2.6% in 2023, with a return to 2.6% growth anticipated in 2025
Global economic outlook - December 2023
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With global trade plateauing in recent years, driven in part by the pandemic, geopolitical tensions and rising protectionist measures, the report warns of potentially large output losses from geoeconomic fragmentation over the longer term. The report forecasts global GDP growth of 2.2% in 2024 down from 2.6% in 2023, with a return to 2.6% growth anticipated in 2025