Judgments surrounding this year's global economic prospects are becoming divided. OECD raised its forecast for world economic growth in 2024 from 2.7% to 2.9%.
World Bank predicts that due to factors such as tightening monetary policy, restricted credit conditions, and weak global trade and investment, global economic growth may be only 2.4% this year. IMF believes that the intensification of trade distortions and geo-economic fragmentation is expected to continue to drag down global trade growth. China's economic resilience is remarkable. It is predicted that China's economy will continue to rebound and improve in 2024.