Dollar, Euro and Pound banknotes are seen in this picture illustration taken April 28, 2017.
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 16 (Reuters) - Some of the major banks in the world expect global economic growth to slow further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world's two largest economies.
The global economy is forecast to grow 2.9% this year, a Reuters poll showed, with next year's growth seen slowing to 2.6%.
Most economists expect the global economy to avoid a recession, but have flagged possibilities of "mild recessions" in Europe and the UK.
China's growth is seen weakening, exacerbated by companies seeking alternative cost-efficient production destinations.
Persons:
Dado Ruvic, Saumyadeb Chakrabarty, Anil D'Silva
Organizations:
REUTERS, Federal, Broker Research, Thomson
Locations:
Europe, United States, Bengaluru