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World growth likely to decline in 2024 even as US avoids recession, Fitch

Fitch Ratings Global Economic Outlook forecasts a decline in global growth to 2.1% in 2024 from the robust 2023 performance. While 2023 saw resilient growth fueled by China s consumption uptick and US resurgence, challenges like China s property slump, Eurozone stagnation, and monetary tightening could lead to this slowdown.

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