According to the International Monetary Fund (IMF), the world economy is expected to grow at a steady but slow rate of 3.2% in 2024 and 2025, which is the same pace as 2023. However, the UN Trade and Development (UNCTAD) forecasts a slower growth rate of 2.6% in 2024, which is just above the 2.5% threshold usually associated with a recession. This would mark the third consecutive year of growth below the pre-pandemic rate of 3.2% between 2015 and 2019
Here are some other predictions for 2024:
- Advanced economies: Growth is expected to increase from 1.6% in 2023 to 1.7% in 2024 and 1.8% in 2025
- Emerging market and developing economies: Growth is expected to decrease from 4.3% in 2023 to 4.2% in both 2024 and 2025
- Global headline inflation: Expected to fall to 5.8% in 2024 and to 4.4% in 2025
- Africa: Per capita GDP growth is expected to be 1.3% in 2024, and inflation is expected to remain high, particularly in Ghana, Nigeria, and Sierra Leone
- East Asia and Pacific: Regional growth is projected to ease to 4.5% in 2024 from 5.1% last year
The United States is considered the most powerful country in 2024, with a GDP of $26.95 trillion and a population of 339.9 million. The US has the most dominant economic and military power in the world, and its army is considered the most powerful in the world
Here are the top 10 most powerful countries in 2024, according to U.S. News:
- United States
- China
- Russia
- Germany
- United Kingdom
- South Korea
- France
- Japan
- Saudi Arabia
- United Arab Emirates
A country’s power ranking is based on factors such as economic and political influence, military power, and international alliances. Effective leadership can also significantly influence a country’s power ranking by driving economic growth, fostering strong international relations, and enhancing military capabilities.
the United States
It’s not surprising that the United States has maintained its position as the top-ranking country in terms of power and influence in 2024, according to the annual ranking of CEOWORLD magazine
According to thenationalnews.com, China is expected to overtake the United States as the world’s largest economy by 2035. Goldman Sachs also predicts that China will overtake the United States in 2035, and that by 2050, the world’s five largest economies will be China, the United States, India, Indonesia, and Germany
According to ctmfile.com, India is expected to become the world’s third US$10 trillion economy in 2035, joining the US and China as an economic superpower. The United Nations projects that India’s population will have reached almost 1.6 billion people by 2035, and a peak of almost 1.7 billion by the early 2060s
Will india will be a superpower in 2035
According to a December 2023 report from the Centre for Economics and Business Research (CEBR), India is “unstoppable” in its momentum to become the third economic superpower by 2035. The report predicts that India’s annual GDP growth rate will average 6.4% over the next five years, and 6.5% in the subsequent nine years. The report also highlights India’s demographics, which include being second in the world in terms of population after China
According to Wikipedia, a global superpower is a state with the ability to exert influence or project power in much of the world. Factors that contribute to a nation acquiring such a status can be economic, political, demographic, military, and cultural
The London, UK-based economic consultancy, which was founded in 1992, also expects India to become the world’s third US$10 trillion economy in 2035, resulting in a shift to global geopolitics as it joins the US and China as an economic superpower
What was the rise of India under Modi?
In his first budget, Finance Minister Arun Jaitley promised to gradually reduce the budgetary deficit from 4.1% to 3% over two years and to divest from shares in public banks. Over Modi’s first year in office, the Indian GDP grew at a rate of 7.5%, making India the fastest-growing economy in the world
What has India achieved in the last 10 years?
Over the last 10 years, India’s GDP has grown by 7 per cent CAGR in USD terms to USD 3.6 trillion, jumping from the eighth largest to the fifth largest economy.
What are the achievements of Modi?
PMINDIA
- Beti Bachao, Beti Padhao: Caring for the Girl Child. …
- Leveraging the Power of JAM: Jan Dhan, Aadhar and Mobile. …
- A New Approach to Development: Sansad Adarsh Gram Yojana. …
- Unleashing India’s Entrepreneurial Energy. …
- Namami Gange. …
- Powering India’s Growth. …
- Putting the Indian Economy on a Fast-Track
What is the future of India in 2047?
The report “India’s Turn to Lead by 2047” by Primus Partners indicates that 70% of respondents are optimistic about India becoming a global leader by 2047, aligning with the vision of Viksit Bharat. This sentiment extends to 63% envisioning India excelling in global trade, technology, and the economy
How successful is Narendra Modi?
Modi’s policies during his second term have been credited with reducing corruption in Gujarat. He established financial and technology parks in the state and during the 2007 Vibrant Gujarat summit, real-estate investment deals worth ₹6.6 trillion (equivalent to ₹20 trillion or US$250 billion in 2023) were signed
What did the Modi government do in 10 years?
Thakur listed out various works undertaken during the Modi regime in the past 10 years. He said the number of airports in the country were 74 in 2014 which now increased to 150 while the length of national highways jumped from 96,000 km in 2014 to 1.50 lakh km. “There were only seven AIIMS and now there are 22
Russia-Ukraine War
A bitter and bloody war in Ukraine has devastated the country, further isolated Russia from the West and fueled economic insecurity around the world
Which countries are at war in 2024?
- Israeli–Palestinian conflict. Gaza–Israel conflict. Israel–Hamas war. Red Sea crisis. 2024 Iran–Israel conflict.
- Israeli–Lebanese conflict. Hezbollah–Israel conflict. Israel–Hezbollah conflict (2023–present
What are the newest wars?
21st Century
- Russian Invasion of Ukraine (2022)
- 2021 Israel-Palestine crisis (2021)
- 2016 Turkish coup d’état attempt (2016)
- Yemeni Civil War (2015-present)
- 2014 Gaza War (2014)
- Russian Annexation of Crimea (2014)
- War in Donbas (2014-present)
- Operation Pillar of Defence (2012
Here and now, in 2024, the discussion around AI is just as likely to revolve around regulatory frameworks, responsibility, and security as it is around algorithms, neural networks, and transformer models
What is the state of generative AI in 2024?
According to Deloitte’s State of Generative AI in the Enterprise Q1 2024 report, 79% of respondents expect generative AI to transform their organization in the next three years
What is the top AI trend in 2024?
Generative AI is finding its niches within business in 2024, with multimodal models providing new capabilities. At the same time, artists glaze their work against AI scraping
Where will AI be in the next 10 years?
Quantum AI
Within 10 years, accessibility to quantum computing technology will have increased dramatically, meaning many more discoveries and efficiencies are likely to have been made. The emergence of quantum computing is likely to also create significant challenges for society, and by 2024, these could be hot topics
In 2024, many space missions are planned, including:
- Chang’e 6 A Chinese mission to return samples from the far side of the moon, scheduled to launch in May 2024
- Bepi-Colombo An ESA mission that will make its fourth and fifth Mercury flybys in September and December 2024
- Europa Clipper A NASA mission to explore one of Jupiter’s largest moons, Europa, scheduled to launch in October 2024
- Hera An ESA mission to the asteroids Didymos and Dimorphos, scheduled to launch in October 2024
- EscaPADE A dual smallsat Mars orbiter mission, scheduled to launch in October 2024
- Griffin Mission 1 (VIPER) A NASA lunar lander mission that will launch the world’s first lunar water-hunting rover to the moon’s south pole in late 2024
- Lucy A NASA asteroid mission that will make its second Earth flyby in December 2024
Other missions planned for 2024 include Artemis II, Lunar Trailblazer, PRIME-1, JAXA’s Martian Moon eXploration mission, and NISAR Earth observation satellite
Here are some space discoveries made in 2024:
- Massive black hole In April 2024, astronomers discovered the most massive stellar black hole in the Milky Way galaxy using data from the European Space Agency’s Gaia mission.
- Extremely red supermassive black hole In February 2024, astronomers used the James Webb Space Telescope to discover an extremely red supermassive black hole that existed when the universe was less than 1 billion years old.
- New planet In January 2024, an international team of scientists discovered a new planet, TOI-715 b, that is located within the habitable zone of a star 137 light-years from Earth. The planet is similar to both Earth and Neptune.
- Earth-sized planets In March 2024, the Exoplanet Archive added six Earth-sized planets to the Teegarden’s Star system, which is located about 12 light years from our solar system.
- Dwarf galaxies In February 2024, the James Webb Space Telescope discovered dwarf galaxies that could reshape the early universe.
In January 2024, astronomers discovered TOI-715 b, a “super-Earth” that orbits a small, reddish star 137 light-years away. TOI-715 b is about one and a half times as wide as Earth and orbits within the habitable zone of its star. The same system may also have a second, Earth-sized planet
Electric vehicle
around 17 million
“Electric car sales keep rising and could reach around 17 million in 2024, accounting for more than one in five cars sold worldwide.” In 2024, sales of electric vehicles are expected to account for 45 percent of all cars sold in China, 25 percent in Europe and 11 percent in the United States, the report said
Will there be flying cars in 2024?
A flying car startup announced it will deliver its first flying car to customers in 2024. Pal-V (personal air and land vehicle) said it will deliver the Pal-V Pioneer Edition, a vehicle powered by e-fuels and hybrid fuel technologies
Some science discoveries in 2024 include:
- Artificial intelligence (AI) Advances in AI are expected to be at the center of many technological innovations in 2024, including deep learning for protein design and deepfake detection.
- Moon exploration 2024 is expected to be a significant year for lunar exploration, with India’s historic moon landing and Japan’s soft landing on the moon in January.
- Stem cell model A groundbreaking achievement in 2024 is expected to be the creation of a stem cell model of the human embryo.
- Biomaterials The rise of biomaterials is expected to be an emerging trend in 2024.
- CRISPR The CRISPR pay-off is expected to be an emerging trend in 2024.
- Menstrual blood The U.S. Food and Drug Administration (FDA) approved a new diagnostic menstrual pad in early 2024 that can potentially measure blood sugar.
- Exoplanets In January 2024, the University of Warwick reported the discovery of 85 exoplanet candidates with orbital periods of between 20 and 700 days.
- Homo erectus In January 2024, a two-million-year-old Homo erectus fossil was discovered in the Ethiopian Highlands, which suggests that larger-bodied H. erectus might have been better adapted to higher altitudes.
Other emerging trends in science in 2024 include: “Greener” green chemistry, Decarbonizing energy, and Neurodegenerative diseases
What are the latest physics discoveries in 2024?
Apr. 23, 2024 — Researchers have discovered a unique property, the quantum metric, within magnetic materials, altering the ‘electron universe’ geometry. This distinct electric signal challenges traditional electrical conduction and could revolutionize spintronic
What is the new discovery in chemistry 2024?
Now researchers have discovered a light-responsive, … Mar. 25, 2024 — Researchers have successfully transformed CO2 into methanol by shining sunlight on single atoms of copper deposited on a light-activated material, a discovery that paves the way for creating new
Some new energy sources in 2024 include:
- Solar Solar energy is expected to be the main driver of renewable energy overtaking coal and gas by the end of 2024. Solar companies are integrating PV systems into the environment to reduce the need for more land.
- Green hydrogen Hydrogen production through electrolysis powered by renewable energy sources is expected to make significant advancements in 2024. Hydrogen is expected to play a key role in decarbonizing sectors like steel, cement, and heavy transport.
- Decentralized renewable energy systems These systems are expected to become more prevalent in 2024, especially in rural and remote areas. They offer a reliable and sustainable alternative to traditional grid-based energy.
- Biofuels Demand for biofuels is expected to continue to increase, driven mainly by the transportation sector.
- Geothermal Geothermal capacity is expected to increase by 28% by 2024. Geothermal energy is generated by pumping hot water from deep underground through a well under high pressure. When the water reaches the surface, the pressure is dropped, causing the water to turn into steam.
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