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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Davos: Global Economy to Achieve Sustainable Growth of 4% over Next 5 Years


Thu 30 May 2024 | 02:06 AM
Taarek Refaat

A World Economic Forum poll showed that the majority of economists  are cautiously optimistic about the economy’s stability or growth in 2024 compared to last year.

The survey, which looks at the expectations of leading economists for the performance of the economy during the current year, showed that about 70% of economists expect the global economy to achieve sustainable growth of 4% during the next five years, driven by technological transformation, artificial intelligence, and the green transformation.

On the other hand, they warned that the burden of geopolitical tensions, high debt levels and climate change may weaken growth.

Regarding the Middle East region, most of the survey participants expected moderate inflation in 2024.

While 60% of economists indicated that they do not expect an adjustment to monetary policy during the remaining months of this year.