The majority of economists surveyed by the World Economic Forum expect the global economy to weaken this year, saying that geopolitical fragmentation around the world will deepen.
"Global economic prospects remain subdued and fraught with uncertainty," WEF's report, published Monday, said.
The International Monetary Fund, meanwhile, expects global economic growth to fall slightly in 2024 to 2.9%, from 3% last year.
WEF's survey shows significant divergence among economists' expectations for different economies, with the experts most bearish on Europe's prospects.
Some 77% of those surveyed expect growth in the region to weaken this year — that's almost double the figure recorded in September's survey.
Persons:
that's
Organizations:
World, Monetary Fund, U.S, East
Locations:
South Asia, East Asia, China