Global growth stagnates at 2.7%, too weak to curb inequality, climate change and discontent | UNCTAD

Cervante Harris | Stocks•Invest•Finance | Curious about which countries are expected to lead in economic growth over the next 10 years? Here's a forecast

Here's some information about GDP expansion in developed countries:

GDP growth in the US: In Q2 2024, the US GDP grew by 0.7%. The US had the highest GDP growth among G7 economies over the period.
GDP growth in the UK: In Q2 2024, the UK GDP rose by 0.5%. The IMF and OECD have both raised their forecasts for UK GDP growth in 2024.
GDP growth in the Eurozone: In Q2 2024, the Eurozone GDP rose by 0.2%.
GDP growth in Germany: In Q2 2024, German GDP fell by 0.1%.
GDP expansion: GDP expansion is a phase of the business cycle where real GDP grows for two or more consecutive quarters. It's also known as an economic recovery.