A new United Nations report warns that the global economic growth is projected to slow down to only 1.9 per cent in 2023, sharply lower than the 3pc in 2022. However, the report says, the global growth is forecast to moderately pick up to 2.7pc in 2024. This will be one of the lowest growth rates in recent decades, apart from the 2007-8 financial crisis and the height of the Covid-19 pandemic,