**: Global Market Broadcast.
According to the World Bank, the global economy is expected to record its worst five-year growth performance in 30 years from 2021 to 2025.
The World Bank expects global economic growth to slow for the third consecutive year in 2024, from 2.2 in 2023, the World Bank said in its latest Global Economic Prospects report released on Tuesday6% to 24%。
The organization expects global economic growth to rise slightly to 27%, but the growth rate over the five-year period (2021-2025) will still be almost 075%。
While the global economy has shown resilience in 2023 as it faces the risk of recession, heightened geopolitical tensions will pose new near-term challenges, keeping most economies growing at slower rates in 2024 and 2025 than in the past decade, the group said.
Ayhan Kose, Deputy Chief Economist and Director of the Outlook Group at the World Bank, said: "There is a war in Eastern Europe and a serious conflict in the Middle East. The escalation of these conflicts could have a significant impact on energy**, which could have an impact on inflation and economic growth. ”
The bank warned that the 2020s would be a "decade of wasted opportunities" without a "major course correction".