The global economic environment was a mixed bag of hits and misses, with the latest statistics from the International Monetary Fund showing that average growth hovered around 3.2 percent in 2023 and 2024, down from 6.1 percent in 2021. This was mainly attributed to softening of growth in some of the world’s major economies.

Read more from the report: Annual Financial Report & Statements for the year ended 31 December 2024