Davos Klosters, Jan 15 (IANS) Global economic prospects remain subdued and fraught with uncertainty, the latest Chief Economists Outlook released on Monday said.The predictions come as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in Generative Artificial Intelligence (GenAI). More than half of the chief economists (56 per cent) expect the global economy to weaken this year, while 43 per cent foresee unchanged or stronger conditions. “The latest Chief Economists Outlook highlights the precarious nature of the current economic environment,” said Saadia Zahidi, Managing Director, World Economic Forum. Though global inflation is easing, growth is stalling, financial conditions remain tight, global tensions are deepening and inequalities are rising -- highlighting the urgent need for global cooperation to build momentum for sustainable, inclusive economic growth,” the survey said. There is a notable uptick in growth expectations for Latin America and the Caribbean, sub-Saharan Africa and Central Asia, although the views remain for broadly moderate growth.
