World Bank's Zhang Wencai: The world economy appears to be in the final stages of a "soft landing"
World Bank Group Managing Director and Chief Administrative Officer Zhang Wencai said at the Global Wealth Management Forum 2024 Suhewan Conference in Shanghai on October 27 that global economic growth is expected to remain stable this year, and financial conditions have also improved. The world economy appears to be in the final stages of a "soft landing". According to the World Bank's latest estimates, global economic growth is forecast to remain at 2.6% in 2024, before rising slightly to an average of 2.7% in 2025 and 2026. Meanwhile, global inflation is on track to reach a three-year low.