56% chief economists expect global economy to weaken in 2024, South Asia remains positive, says WEF

News Snapshot:

The WEF’s Chief Economists Outlook report released Monday, explores the impact of global uncertainty on the world economy, growth patterns across the globe and the impact of rising strides in AI on businesses and financial markets. As the world continues to grapple with conflicts and crises, 7 in 10 economists expect geoeconomic fragmentation to increase across the globe, with 87 per cent observing that geopolitics will make the global economy more volatile. New Delhi: Continuing with last year’s uncertain outlook about growth, 56 percent of chief economists expect the global economy to weaken in 2024, according to a latest World...