Fiscal Quarters 2024 Forecast. Global growth, estimated at 3.2 percent in 2023, is projected to continue at the same pace in 2024 and 2025. This is weaker than seen in the decade before the global financial crisis, but close to currently estimated potential growth rates in both.

Economy to expand 1.5% in 2024 on an annual average basis (up from 1.3% in our september forecast) and 1.4% in 2025 (unchanged. This is weaker than seen in the decade before the global financial crisis, but close to currently estimated potential growth rates in both.