IT Industry News. Daily.
Easing inflation and strong global commerce are fuelling cautious optimism for recovery – but elevated debt levels are becoming a growing concern in both advanced and developing economies, according to the latest Chief Economists Outlook from the World Economic Forum.
“The global economy may be stabilising, but fiscal challenges continue to pose significant risks,” says Saadia Zahidi, MD of the World Economic Forum. “Addressing these challenges requires coordinated efforts from policy-makers and stakeholders to ensure that economic recovery is not undermined by these pressures. Now is the time for pragmatic solutions that can strengthen both fiscal resilience and long-term growth.”The global economic outlook varies sharply across regions.
Elsewhere, growth prospects are mixed. In sub-Saharan Africa, a moderate or stronger growth trajectory is anticipated, with expectations improving from 55% in 2024 to 71% in 2025. The Middle East and North Africa region remains uncertain, while Latin America is expected to see modest improvements, with a slight uptick in growth in 2025. South Asia also stands out, with over 70% of economists predicting strong or very strong growth in 2024 and 2025 – driven by India’s robust performance.
While a majority of chief economists expect the condition of the global economy to remain stable in the short-term, 37% foresee conditions will weaken compared to only 9% who expect an improvement.Policy-makers are facing growing pressure to balance economic growth with other priorities such as environmental sustainability, economic equality, and social cohesion. Two-thirds of respondents agree that progress on these goals is necessary – even if it slows growth.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BI Developer (Data Bricks) - Gauteng GautengIT Industry News. Daily.
Read more »
SQL Developer - Western Cape Cape TownIT Industry News. Daily.
Read more »
Business Analyst at Parvana Recruitment - Western Cape Cape TownIT Industry News. Daily.
Read more »
Intermediate PHP Developer - IT-OnlineIT Industry News. Daily.
Read more »
Business Analyst at Parvana RecruitmentIT Industry News. Daily.
Read more »
SQL Developer - IT-OnlineIT Industry News. Daily.
Read more »