News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
27
o
Bekaa
21
o
Keserwan
30
o
Metn
30
o
Mount Lebanon
25
o
North
31
o
South
28
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Jadal
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
27
o
Bekaa
21
o
Keserwan
30
o
Metn
30
o
Mount Lebanon
25
o
North
31
o
South
28
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
World Bank states global growth stabilizing but below pre-pandemic levels
World News
2024-06-11 | 10:05
High views
Share
Share
3
min
World Bank states global growth stabilizing but below pre-pandemic levels
The World Bank on Tuesday said the US economy's stronger-than-expected performance has prompted it to lift its 2024 global growth outlook slightly but warned that overall output would remain well below pre-pandemic levels through 2026.
The World Bank said in its latest Global Economic Prospects report that the global economy would avoid a third consecutive drop in real GDP growth since a major post-pandemic jump in 2021, with 2024 growth stabilizing at 2.6 percent, unchanged from 2023.
That's up 0.2 percentage point from the World Bank's January forecast, largely on the strength of US demand.
"In a sense, we see the runway for a soft landing," World Bank Deputy Chief Economist Ayhan Kose told Reuters in an interview, noting that sharply higher interest rates have brought down inflation without major job losses and other disruptions in the US or other major economies.
"That's the good news. What is not good news is that we may be stuck in the slow lane," Kose added.
The World Bank forecast global growth of 2.7 percent in both 2025 and 2026, a level well below the 3.1 percent global average in the decade prior to COVID-19. It also is forecasting that interest rates in the next three years will remain double their 2000-2019 average, keeping a brake on growth and adding debt pressure to emerging market countries that have borrowed in dollars.
Countries representing 80 percent of the world's population and GDP output will see weaker growth through 2026 than they had prior to the pandemic, the report said.
"Prospects for the world's poorest economies are even more worrisome. They face punishing levels of debt service, constricting trade possibilities and costly climate events," said World Bank Chief Economist Indermit Gill, adding that those countries will continue to require international assistance to fund their needs.
The report contains an alternative "higher-for-longer" interest rate scenario, in which persistent inflation in advanced economies keeps interest rates about 40 basis points above the lender's baseline forecast, cutting 2025 global growth to 2.4 percent.
Reuters
World News
World Bank
US
Economy
Global Economic Prospects
Next
University of California's academics end pro-Palestinian strike under court order
UN Security Council adopts plan for Israel-Hamas ceasefire
Previous
Related Articles
d-none hideMe
0
World News
09:43
Robust growth data shows US 'strongest economy': Biden
World News
09:43
Robust growth data shows US 'strongest economy': Biden
0
World News
2024-07-15
Debt-ridden France needs 'fiscal adjustment': EU economy commissioner
World News
2024-07-15
Debt-ridden France needs 'fiscal adjustment': EU economy commissioner
0
Middle East News
2024-05-30
Saudi Arabia to sell 0.64% Aramco stake as kingdom pushes to diversify its economy
Middle East News
2024-05-30
Saudi Arabia to sell 0.64% Aramco stake as kingdom pushes to diversify its economy
0
Israel-Gaza War Updates
14:23
Biden will tell Netanyahu ceasefire needed 'soon': White House
Israel-Gaza War Updates
14:23
Biden will tell Netanyahu ceasefire needed 'soon': White House
Recommended For You
d-none hideMe
0
World News
16:01
Martin Indyk, diplomat who sought Middle East peace, dies at 73
World News
16:01
Martin Indyk, diplomat who sought Middle East peace, dies at 73
0
Israel-Gaza War Updates
14:23
Biden will tell Netanyahu ceasefire needed 'soon': White House
Israel-Gaza War Updates
14:23
Biden will tell Netanyahu ceasefire needed 'soon': White House
0
World News
13:41
Netanyahu says will work with Biden 'in the months ahead'
World News
13:41
Netanyahu says will work with Biden 'in the months ahead'
0
World News
13:11
Netanyahu arrives for first White House meeting with Biden
World News
13:11
Netanyahu arrives for first White House meeting with Biden
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
05:41
Israeli artillery shelling causes fires in southern Lebanon's Aitaroun
Lebanon News
05:41
Israeli artillery shelling causes fires in southern Lebanon's Aitaroun
0
News Bulletin Reports
2024-07-10
Lebanon Faces Power Crisis Amid Fuel Shortage
News Bulletin Reports
2024-07-10
Lebanon Faces Power Crisis Amid Fuel Shortage
0
World News
11:54
US sees no need for global deal to tax super-rich: Yellen
World News
11:54
US sees no need for global deal to tax super-rich: Yellen
0
Lebanon News
2024-07-24
On LBCI, MP Assaad Dargham calls for reconsideration amid Lebanon’s defensive strategy and presidential challenges
Lebanon News
2024-07-24
On LBCI, MP Assaad Dargham calls for reconsideration amid Lebanon’s defensive strategy and presidential challenges
Videos
d-none hideMe
0
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
0
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
0
Lebanon News
2024-07-11
Hezbollah's Ibrahim Moussawi to CNN: Regional powers do not seek full-scale conflict
Lebanon News
2024-07-11
Hezbollah's Ibrahim Moussawi to CNN: Regional powers do not seek full-scale conflict
0
Lebanon News
2024-07-09
Hezbollah’s "Hudhud" shows new footage of Israeli sites
Lebanon News
2024-07-09
Hezbollah’s "Hudhud" shows new footage of Israeli sites
0
Lebanon News
2024-06-18
Hezbollah scouts areas in northern Israel: What the hoopoe came back with (Video)
Lebanon News
2024-06-18
Hezbollah scouts areas in northern Israel: What the hoopoe came back with (Video)
0
Lebanon News
2024-06-12
Over 100 rockets launched from southern Lebanon toward northern Israel (Video)
Lebanon News
2024-06-12
Over 100 rockets launched from southern Lebanon toward northern Israel (Video)
0
Lebanon News
2024-06-10
Video shows Israeli drone downing in Iqlim al-Tuffah, South Lebanon
Lebanon News
2024-06-10
Video shows Israeli drone downing in Iqlim al-Tuffah, South Lebanon
0
Middle East News
2024-05-21
Funeral ceremony of the Iranian president begins in Tabriz (Video)
Middle East News
2024-05-21
Funeral ceremony of the Iranian president begins in Tabriz (Video)
0
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
08:00
LF's Geagea: Berri's new tripartite formula turns presidential elections into 'mere formality'
Lebanon News
08:00
LF's Geagea: Berri's new tripartite formula turns presidential elections into 'mere formality'
2
World News
06:32
Lebanese Hadi Matar, Salman Rushdie's alleged attacker, faces federal terrorism charges
World News
06:32
Lebanese Hadi Matar, Salman Rushdie's alleged attacker, faces federal terrorism charges
3
Lebanon News
05:41
Israeli artillery shelling causes fires in southern Lebanon's Aitaroun
Lebanon News
05:41
Israeli artillery shelling causes fires in southern Lebanon's Aitaroun
4
News Bulletin Reports
13:00
Border negotiations: Lebanon’s coordinated efforts for long-term border stability
News Bulletin Reports
13:00
Border negotiations: Lebanon’s coordinated efforts for long-term border stability
5
Israel-Gaza War Updates
01:05
Israel army says recovered bodies of five hostages held in Gaza
Israel-Gaza War Updates
01:05
Israel army says recovered bodies of five hostages held in Gaza
6
Israel-Gaza War Updates
14:23
Biden will tell Netanyahu ceasefire needed 'soon': White House
Israel-Gaza War Updates
14:23
Biden will tell Netanyahu ceasefire needed 'soon': White House
7
World News
00:10
Biden says time to pass torch to 'younger voices' in Oval Office speech
World News
00:10
Biden says time to pass torch to 'younger voices' in Oval Office speech
8
Israel-Gaza War Updates
06:46
Gaza Health Ministry reports war death toll reached 39,175
Israel-Gaza War Updates
06:46
Gaza Health Ministry reports war death toll reached 39,175
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More