As we usher in 2024, the global economy continues to face challenges, both as a result of higher interest rates and uncertainty about how long they will endure. Economic growth is markedly uneven around the world and some developing countries face difficulties inmanaging their debt burdens in this new era. These challenges are compounded by the pressing demands of the climate crisis and the need to invest in a more sustainable economic model. Ongoing geopolitical tensions – and the potential for disruptive shocks – add further pressure.
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