Economy Is in ‘Precarious State’ as New Hazards Loom, World Bank Warns

Economy Is in ‘Precarious State’ as New Hazards Loom, World Bank Warns
The U.S. Federal Reserve with caution tape in the foreground in Washington on Sept. 19, 2022. Stefani Reynolds/AFP via Getty Images
Tom Ozimek
Updated:
0:00

The World Bank has slashed its 2024 economic growth forecast for the United States by half, predicting that the resilient U.S. consumer is about to weaken “substantially” while warning of “new hazards” that threaten to “make matters worse” for the world.

The group’s latest Global Economic Prospects report paints a gloomy picture of economic growth going forward.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
twitter
Related Topics