Despite being in a challenging situation, the global economy is not doomed to remain there, according to World Bank President Ajay Banga on Monday.
In light of the global monetary tightening, the World Bank last month lowered its projection for global economic growth in 2024 from 2.7% to 2.4%.
The world economy is indeed in a challenging situation. It has outperformed expectations, but that does not mean issues will not still arise, Banga remarked outside the G20 summit in Gandhinagar, India.
“Destiny and forecast are not equivalent. We should be thinking about how we can alter history right now, Banga stated.
