EY-Parthenon cuts global growth forecast to 2.9% — with darker scenarios possible
EY-Parthenon has revised its global growth forecast for 2024 down to 2.9%, from 3.4% in 2023, citing the Middle East conflict and its ripple effects as key risks. The baseline scenario sees a modest recovery to 3.2% growth in 2025, but analysts have also outlined significantly darker outcomes involving higher inflation and deeper slowdowns. The firm notes that the global economy has shown resilience to shocks, though serious risks remain.
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