Global Economic Outlook: Experts Predict Weakening Growth and Increased Fragmentation

A survey of 30 chief economists by the World Economic Forum predicts a weakening global economy in 2024, with 56% expecting a decline. Geopolitical fragmentation is seen as a major factor contributing to this outlook, with concerns about tensions in Europe, the U.S., and China. The survey also highlights expectations of heightened global economic volatility due to geopolitical factors, but offers a more positive outlook on inflation, with 70% of respondents expecting a loosening of financial conditions.