Global economic growth likely to slow to 2% this year

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Global economic growth likely to slow to 2% this year

The global economic growth is projected to barely exceed 2% this year, according to a poll of economists who said the greater risk was a further downgrade from their view, at odds with widespread optimism in markets since the start of the year.

The downturn will be mild, because of falling energy prices, a slowdown in inflation in most economies from multidecade highs, an unexpectedly resilient euro zone economy and China's economic reopening.

The MSCI all-country world index of shares went up nearly 20% from October lows, hitting a five-month closing high on Tuesday despite the greater risk that central banks will keep interest rates higher for longer rather than cut them.

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