What two fears do CEOs around the world have when “Jesus is in their mouth”? – Financial

CEOs from around the world were interviewed Conference Board about what they consider to be the main challenges for their business in 2024. What did they say?

Executives saw the threat of recession and inflation as your most disturbing “headaches”, the firm said. These two issues topped the list of external factors affecting companies for the second year in a row, according to a study released Jan. 10.

Global political instability and higher interest rates are also expected to impact business, The Conference Board added.

“Less than 30 percent of CEOs worldwide (a smaller share than in the US) believe that Your organizations are ready

face recession or inflation,” the document says.

“In Europe, double-digit inflation driven by record energy costs has undermined the confidence of business leaders,” he added.

Confidence of this group of leaders in Europe has fallen at the lowest level since the indicator was introduced at the beginning of 2020, and This is worse than at the beginning of the Covid-19 pandemic..

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World Bank sees ‘difficult’ 2024

The world economy is dragging slower growth rate than in previous decades, the World Bank said, as the post-pandemic recovery is held back by high interest rates; slow trade and geopolitical tensions that will hit developing countries the hardest.

In the five years to 2024, global activity will reach record levels. weakest result since the early 1990s“unreliable” level that will leave one in four poorest developing economies than before the COVID-19 pandemic, the Washington-based organization said in its latest World Economic Outlook report.

“Without a serious course correction, the 2020s will go down in history as a decade of missed opportunitiesIndermit Gill, the bank’s chief economist, warned in a statement. Such weak short-term growth will leave many of the poorest countries “with horrendous levels of debt and poor access to food for nearly one in three people.”

Investment growth per capita in developing countries will average 3.7 percent in 2023-24, about half the average of the previous 20 years, without policies to stimulate investment and strengthen fiscal policy.

How much will the world economy grow in 2024? Here’s what the World Bank says

The World Bank expects global economic growth to slow in 2024 for the third year in a row to 2.4 percent, down from 2.6 percent in 2023, unchanged from its June forecast, before rising to 2.7 percent in 2025. year.

These rates compare with an average of 3.1 percent in the 2010s.

Global growth in 2020-2024 is expected to reach 2.2 percent, the slowest pace in the five-year period from 2.1 percent in 1990-1994, according to World Bank estimates.