The EIU updated its forecast for global real GDP growth in 2024 from 2.4% to 2.5%.

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Economist Intelligence Unit (EIU) has revised its global real Gross Domestic Product (GDP) growth in 2024 to 2.5% from 2.4%.

This means growth will be unchanged rather than slowing from 2023. “Growth is proving surprisingly resilient in the face of high interest rates and geopolitical risks”, the London-based firm said in its global outlook.

The change in global growth it said reflects another upward revision for US growth in 2024 to 2.2% from 2% previously, upward revisions for several European economies that have pushed euro area growth to 1% from 0.8% and an upward revision for Brazil to 2.1% from 1.8%.