UN expects global economic growth to slow to a 10-year low

The UN predicted a slowdown in global GDP growth this year to its lowest in 10 years - 1.9%. In the past, this figure was 3%. This is stated in the organization's report on the economic situation in the world. Economic growth slowdown is also expected in the U.S. and Europe. In the U.S. it will be 0.4% this year, compared to 1.8% last year.

The EU forecast is 0.2%, a sharp contrast to the results of the previous year (3.3%). The reasons for the decline are the energy crisis, as well as the drop in living standards that the region faced after the introduction of anti-Russian sanctions. In 2024, the UN expects the European economy to grow by 1, 6% - in its view, this will be facilitated by higher demand within the currency bloc. In addition, the organization expects an improvement in the global conjuncture, which would also have a favorable impact on European GDP.

Inflation in the current year will fall to 6.50%, the UN forecasts.