UN forecast cites conflicts, sluggish trade, high interest and climate disasters

The UN issued a sombre global economic forecast for 2024 (AP)

The United Nations has issued a sombre global economic forecast for 2024, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters.

In its flagship economic report, the UN projected that global economic growth would slow to 2.4% this year from an estimated 2.7% in 2023, which exceeds expectations.