Global Recession 2024 Upsc

Global Recession 2024 Upsc. Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025. It means not only shrinking gdp but also declining incomes, employment, industrial production.

Despite the receding risk of a global recession,. Remember the interest rate environment can shift higher for both bad reasons (inflation expectations, risk premia) and for good reasons (underlying real economy.