UNITED NATIONS — The United Nations issued a somber global economic forecast for 2024 on Thursday, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters.
In its flagship economic report, the U.N. projected that global economic growth would slow to 2.4 percent this year from an estimated 2.7 percent in 2023, which exceeds expectations. But both are still below the 3 percent growth rate before the COVID-19 pandemic began in 2020, it said.
The IMF said it expects global growth to slow from an expected 3 percent in 2023 to 2.9 percent in 2024. The Paris-based OECD, comprising 38 mainly developed countries, estimated that international growth would also slow from an expected…
