Global recovery is progressing steadily, with variations across different regions. The baseline forecast predicts that the world economy will continue to grow at a rate of 3.2 percent in 2024 and 2025, consistent with the growth seen in 2023. However, there are significant differences between advanced and emerging market and developing economies.

Advanced economies are expected to experience a slight acceleration in growth, from 1.6 percent in 2023 to 1.7 percent in 2024 and 1.8 percent in 2025. On the other hand, there will be a modest slowdown in emerging market and developing economies, with growth expected to decrease from 4.3 percent in 2023 to 4.2 percent in both 2024 and