you are currently viewing::WEF-Chief Economists Outlook: September 2024September 25, 2024--The September 2024 Chief Economists Outlook explores key trends in the global economy, including the latest outlook for growth, inflation, monetary and fiscal policy, the implications of high public debt levels, and the prospects for a new growth agenda. There are reasons for cautious optimism, notably including a continued gradual easing of inflation rates and a shift to looser monetary policy. However, the prolonged sluggish pace of global growth, compounded by heightened political volatility, leaves many countries vulnerable to economic shocks. Current debt dynamics are undermining government efforts to boost growth and leave countries poorly prepared for the next economic downturn. When it comes to the prospects for a new growth agenda, greater political consensus and international collaboration will be essential to balance the quality and quantity of growth. Source: World Economic Forum (WEF) |
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July 22, 2025--Growing imbalances in largest economies underscore need for concerted adjustment in domestic macroeconomic policies
Global current account balances widened by a sizable 0.6 percentage points of world GDP in 2024.
July 16, 2025-Key Takeaways
The U.S. tops global oil production with nearly one-fifth of daily output.
Five countries produce over half of the world's oil every day.