The world economy continues to face multiple crises, jeopardizing progress towards the Sustainable Development Goals (SDGs).

Although global economic growth outperformed expectations in 2023 with several large economies showing remarkable resilience, simmering geo-political tensions and the growing intensity and frequency of extreme weather events have increased underlying risks and vulnerabilities. Furthermore, tight financial conditions also pose increasing risks to global trade and industrial production.

The World Economic Situation and Prospects 2024 presents an outlook for the global economy and underscores the importance of global cooperation and prudent policies to lift global growth and accelerate progress towards the SDGs.