According to the UN’s World Economic Situation and Prospects report for 2024, global growth is expected to slow, highlighting the urgent need for enhanced global cooperation. This slowdown is attributed to high interest rates, ongoing conflicts, sluggish international trade, and increasing climate disasters, all posing significant challenges to global economic stability. The UN Chief has called for bold investments to drive sustainable development and climate action to counter these challenges and put the global economy on a stronger growth path.
