“Despite this increase, the growth rate is still well below the average growth rate of 3.1% in the two decades preceding the pandemic,” said the report on the world economic situation and prospects published by the Department of Foreign Affairs. Economic and Social Affairs of the United Nations. .
The United Nations forecast was lower than that of the International Monetary Fund, which said earlier this year that global growth would fall to 2.9% in 2023 from 3.4% in 2022, and increase slightly in 2024 to 3.1 %.
The United Nations said the outlook for the United States, European Union and China had improved, but “growth prospects have deteriorated for many developing countries amid tighter credit conditions and the rising cost of external financing”.
“The least developed countries are expected to grow by 4.1% in 2023 and 5.2% in 2024, which is well below the 7% growth target set in the United Nations Sustainable Development Agenda. ‘horizon 2030’, says the UN report.
The report predicted US growth of 1.1% in 2023, down from a forecast of 0.4% in January, and European Union growth of 0.9% in 2023, down from 0.2%, and China’s growth of 5.3%, up. by 4.8 percent.
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