Leading analysts predict a slowdown in the growth of the world economy.

The pace of global economic growth will slow in 2024, according to more than half (56%) of the chief economists surveyed as part of the World Economic Forum (WEF) in Davos. The remaining respondents expect the global GDP growth rate to remain at 2023’s level or to accelerate.

The IMF estimates that the global economy will grow by 2.9% in 2024 after growing by 3% in 2023. Economists are most pessimistic about Europe – 77% believe that growth in the region will be weak or very weak.

Meanwhile, 93% of respondents expect moderate or strong growth in South Asia and 86% in East Asia. The rate of US GDP growth will vary from moderate to strong, according to 56% of the surveyed economists. Back in September, the percentage was 78%. At the same time, only 13% expect high inflation in the European countries.

WEF organizers interviewed 30 chief economists from banks, consulting firms, international organizations, and the world’s largest companies.