Phnom Penh (FN), Mar. 15 – In 2024, global inflation is projected to decline to 5.8%, down from a 6.8% estimated annual average in 2023.

Venezuela, with the largest oil reserves globally, is projected to see inflation reach 230%—the highest overall.

In America, slower economic growth coupled with a softening labor market could ease inflation, which is forecast to reach 2.6% in 2024. While the Federal Reserve has signaled that the worst is over, unexpected momentum across the economy could cloud the outcome.

China, the world’s second-largest economy, is contending with falling prices due to property market trouble, which drives about a third of the country’s economic growth. Amid sluggish economic activity, a manufacturing slowdown, and low consumer confidence, inflation is forecast to reach 1.7%.

This article was originally published on Voronoiapp.
=FRESH NEWS