World Bank Warns of ‘Decade of Wasted Opportunity’ for Post-Pandemic Global Economy

Global economy poised for slowest growth in 30 years.

A participant stands near a logo of World Bank at the International Monetary Fund—World Bank Annual Meeting in Nusa Dua, Bali, Indonesia, on Oct. 12, 2018. Johannes P. Christo/Reuters

The global economy is poised to endure its worst half-decade of growth in 30 years as the world potentially faces a “decade of wasted opportunity,” the World Bank warned in a new “Global Economic Prospects” report.

Global growth is forecast to slow for the third consecutive year, sliding to 2.4 percent in 2024 from 2.6 percent in 2023. That’s nearly three-quarters of a percentage point below the previous decade’s average.