The global economy is expected to stabilize for the first time in three years, but more weakly than in previous recoveries, according to a new report from the World Bank. Inflation, higher interest rates, as well as trade and geopolitical tensions could make this decade more sluggish than the last one.

Joining the discussion:

• William Lee is a Chief Economist at the Milken Institute.
• Yan Liang focuses on international trade, finance and economics as a Chair Professor at Willamette University. 
• John Gong is a Professor at the University of International Business and Economics. 
• Otaviano Canuto served as Vice President at the World Bank. He’s currently a Senior Fellow with the Policy Center for the New South.

The global economy is expected to stabilize in 2024, but at a level that is weak by recent historical standards.
Gain insights from Ayhan Kose, Deputy Chief Economist, as he analyzes the Global Economic Prospects on #ExpertAnswers: https://t.co/34vPTy8Imc #GEP2024 pic.twitter.com/6rgFCyabPb

— World Bank (@WorldBank) June 14, 2024

The latest from the @WorldBank on the prospects for the global economy and the US Fed holds #rates.

Read these and other #economics stories in our weekly round-up: https://t.co/aK92CUG56d

— World Economic Forum (@wef) June 14, 2024