World Bank Deputy Chief Economist: Emerging economies should increase investment in 2024 to accelerate recovery. Rapid and sustained increase in investment will help quickly restore production, improve labor productivity, promote global trade, drive foreign direct investment, reduce inflation and eliminate poverty.
The World Bank predicts that U.S. economic growth will slow to 1.6% in 2024. The challenge facing China is to realize the transformation of its growth model, and it should transform from an economic growth model driven by investment and exports to one driven by consumption and services.