The World Economic Forum reported on Wednesday that the global economy is expected to either improve or stay stable this year, while also cautioning about potential risks arising from geopolitical and domestic tensions.
The report noted an increase in economic optimism, with nearly twice as many economists expressing a positive outlook compared to a survey in January. However, 97 percent of respondents still foresee geopolitical issues causing economic volatility this year.
Additionally, 83 percent anticipate domestic politics will create instability in 2024, a significant year with almost half the global population set to vote.
Experts foresee a favorable outlook for the US and Asian economies, driven by declining inflation and strong markets.
The Middle East and North Africa region is projected to see moderate growth, with slight improvements from the previous survey, despite political instability stemming from the ongoing Gaza conflict.
