The world economy is now forecast to grow by 2.7 per cent in 2024 (an increase of 0.3 percentage points from the forecast in January) and 2.8 per cent in 2025 (an increase of 0.1 percentage points).

Nathan Sheets, Global Chief Economist at Citi, stated, "So far we've been marking up growth for the global economy in a number of places including major economies like the U.S. and China, Europe to some extent as well. So it's feeling solid."

Seth attributed India's economic success to sustained consumption and investment demand, underpinned by a proactive approach to reforms and sustainable growth initiatives

Drawing from an extensive analysis of over 1,600 regions worldwide spanning four decades, the researchers constructed a model to forecast future economic losses attributable to human-induced climate change. They emphasize that these losses, primarily stemming from temperature and rainfall variations, affect critical sectors like agriculture, labor, and infrastructure.

The UNCTAD forecasts global growth at 2.6%, with India's economy strong at 6.5%. Europe and the Americas face economic challenges, Africa's growth is modest, and global merchandise trade fell 1% due to trade tensions and shipping disruptions.

  Concerns loom large over persistent inflation and stringent monetary policies in the world's largest economy. As financial leaders from around the globe convene in Washington for the spring meetings of the International Monetary Fund and World Bank, attention pivots to the outlook for short-term economic fortunes worldwide. 

IMF chief Kristalina Georgieva has indicated a slight uptick in the global growth forecast, though cautioning that the world is set for a "sluggish and disappointing decade". This forecast adjustment reflects a mixture of slowing growth, persistent inflation, high interest rates, escalating debt levels, and geopolitical risks that continue to rattle markets.