Now South Asia is being seen as the new driver of global economic growth
Pakistan and Sri Lanka are pulling down South Asia’s overall performance.
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Pakistan and Sri Lanka are pulling down South Asia’s overall performance.
Projects global economic growth will slow to 2.4% this year.
UNITED NATIONS (AP) – The United Nations issued a somber global economic forecast for 2024 on Thursday, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters. In its flagship economic report, the UN projected that global economic growth would slow to 2.4 per cent this year from […]
The UN World Economic Situation and Prospects (WESP) 2024 report, launched here on Thursday, said that gross domestic product in South Asia is projected to increase by 5.2 per cent in 2024, driven by a robust expansion in India, which remains the fastest-growing large economy in the world.
With a projected growth rate of 6.2 per cent for 2024, the "Indian economy outperformed its peers" in a global economy which is expected to expand by only 2.4 per cent, according to the UN official monitoring the world economy.India ...