The World Bank has raised its global economic growth forecast for 2024 to 2.6%, up from 2.4%. Despite this improvement, the growth rate remains historically low. Many low-income countries struggle with high debt and interest rates, compounded by trade barriers and conflicts in Ukraine and Gaza. The stronger global outlook is largely due to the United States, which is now expected to grow by 2.5% in 2024, up from 1.6%. However, concerns remain that high interest rates to control inflation might slow growth. Emerging markets and developing countries are expected to grow by 4%, slightly less than last year. China faces economic challenges with a projected growth rate of 4.8%. Regions like Latin America and sub-Saharan Africa also show slower growth. In Europe, the eurozone’s growth is weak due to the Russia-Ukraine conflict, and Japan’s economy is slowing because of weak consumer spending and exports. Global trade growth is expected to be minimal, which could further hinder economic expansion. The World Bank calls for international cooperation to tackle trade challenges instead of increasing trade barriers.