Strengthening the foundations for growth.
The global economy proved resilient in 2023, but there are signs that growth is easing as restrictive monetary policy takes effect.
Global growth is projected to remain moderate in 2024 and 2025, with inflation declining towards target in most countries by 2025.
Key near term risks include high geopolitical tensions, particularly if the conflict in the Middle East were to disrupt energy markets, and uncertainty about the strength of the ongoing impact from higher interest rates.
