Global Economic Prospects, January 2024
- ABOUT THE EVENT
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The world economy is facing a turbulent period: Global growth is projected to remain subdued in 2024, given tight monetary policy and more restrictive credit, and downside risks abound—from escalating conflict in the Middle East to financial stress, a weakening Chinese economy, and climate-related disasters. There are bright spots however: Inflation is expected to continue declining, and most forecasters see stronger global growth in 2025 if monetary policy loosens in advanced economies.
To navigate this unsettled, difficult period, how can policymakers need to make their economies more resilient to shocks while implementing comprehensive structural reforms to boost long-term growth prospects? And can the global economy finally move past these overlapping crises to turn a corner? Join us for a discussion of these issues based on the World Bank’s January 2024 “Global Economic Prospects” report.
The event was hosted by the Center for Global Development (CGD).
Related Resources
The Global Economic Prospects (or GEP) is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies.
Select a topic and learn how the World Bank works with countries to find solutions to their toughest development challenges.
- Agriculture and Food
- Climate Change
- Debt Sustainability & Relief
- Education
- Energy
- Fragility, Conflict & Violence
- Poverty
...
Speakers
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Ayhan Kose
Deputy Chief Economist of the World Bank Group and Director of the Prospects Group, Development Economics
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Liliana Rojas-Suarez
Senior Fellow and Director of the Latin America Initiative, Center for Global Development
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Hanan Morsy
Deputy Executive Secretary (Programme) and Chief Economist, United Nations Economic Commission for Africa
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Charles Collyns
Senior Advisor, Econofact; Former Director of the Independent Evaluation Office, International Monetary Fund
