Cost Of Living 2024 Trends. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. The problem is the cost of living has become exorbitantly high.
Determining the cost of living in a region or country is a complicated process. Most sources express cost of living as a number (often referred to as an index) which is then compared to a baseline country or city.