Visa report forecasts 2.4 percent global growth this year
The global economy is expected to grow 2.4 percent this year, driven by a surge in business investment in areas like artificial intelligence and clean energy.
This growth rate is being pressured by higher levels of inflation, with the global inflation rate pegged to average approximately 4.5 to 5 percent this year.
Consumers are adjusting to higher costs by focusing on value and comparing prices, helping to keep inflation in check, with advanced economies seeing inflation rates of about 2 percent.